Optimism about US-China trade deal have dented gold prices
Silver rates have also seen sharp fall
Gold prices in India remained weak today, tracking a similar global move. According to On MCX, prices of December futures gold contracts were down 0.40% to ₹37,746 per 10 gram. According to MCX website, this was the fifth day of decline in gold prices, down from about ₹500 per 10 gram during the period. Silver prices also edged lower today. On MCX, silver prices fell 0.80% to ₹44,135 per kg. In global markets, gold prices slipped to one-week low today amid some positive developments towards an interim trade deal between the US and China.
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