Gold prices today fall for 2nd day, down ₹10000 from record high, silver drops2 min read . Updated: 12 Apr 2021, 09:37 AM IST
- Gold has been under renewed pressure due to hardening bond yields in the US
- However, rupee's weakness against US dollar has capped losses for the precious metal
Gold and silver prices edged lower in Indian markets today amid a hardening of US bond yields. On MCX, gold futures slipped 0.03% to ₹46,580 per 10 gram, extending losses to the second day, while silver fell 0.15% to ₹66,884 per kg. In the previous session, gold had dropped 0.5% but for the week posted strong gains. MCX gold has support at ₹44,940 and resistance at ₹47,380, says domestic brokerage Geojit.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more