2 min read.Updated: 31 May 2022, 09:59 AM ISTLivemint
In India, gold prices had hit a multi-year high of ₹55,600 in March this year and has struggled since then
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Gold and silver rates edged lower in India amid a weak trend in global markets. On MCX, gold futures were down 0.09% to ₹51,050 per 10 gram while silver fell 0.73% to ₹61430 per kg. Gold rates in India are down about ₹1,000 so far this year. In international markets, gold edged lower today and the precious metal was set for its second straight monthly loss. Spot gold fell 0.3% to $1,849.92 per ounce, weighed by a rise in US bond yields and strengthening of US dollar.