Gold headed for its best week since December amid a retreat in bond yields and a report that top buyer China may import more of the metal.
Gold Prices Today: Gold and silver prices edged lower today in Indian markets after posting big gains in the previous session. On MCX, gold futures were down 0.12% to ₹47,120 per 10 gram while silver fell 0.26% to ₹68,361 per kg.
Gold Silver Tips Today: Gold price yesterday settled down by 0.52% at 46608 weighed down by a jump in U.S. Treasury yields and a rebound in the dollar.
MCX Copper Target For Today: MCX Copper price yesterday settled by 0.83% at 706.35 as strong Chinese inflation data raised fears that the world’s biggest metals consumer will tighten monetary policy, though expected supply tightness kept prices on course for a weekly gain.
The Indian rupee has turned into Asia’s worst-performing currency from being the best in the previous quarter. It’s poised for more losses as a resurgence in coronavirus cases to a record threatens to hamstring the economy.
MCX Gold Prices Today: Gold and silver today edged higher in Indian markets, tracking positive global cues. On MCX gold futures rose 0.28% to ₹46,737 per 10 gram while silver advanced 0.17% to ₹67,752 per kg.