Gold prices today fall, a day after big gains; silver rates drop

Gold prices and silver prices dropped in Indian markets amid a strong rally in equity markets. On MCX, gold futures edged 0.15% lower to ₹49,879 per 10 gram, after rising to ₹50,175 earlier in the session. Silver futures fell 0.6% to ₹65,057 per kg. In the previous session, gold futures had jumped 1.5% or ₹750 per 10 gram while silver had surged 2.5% or ₹1,600 per kg.

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US Presidential Election Timeline and Implications for Gold Prices

Gold price

The US Presidential election has a historical tendency to influence financial markets as a change in leadership often brings a shift in fiscal policy. For the gold prices, there has been greater responsiveness to the macroeconomic landscape change since President Richard Nixon took steps to end the Bretton-Woods system starting in 1971.

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