Gold prices fall further, down ₹4,000 in 3 weeks; silver rates tumble1 min read 28 Nov 2020, 10:33 AM IST
Progress on covid vaccine front and easing political chaos in the US have put pressure on gold prices
Despite the recent correction in gold rates, bullion is up over 20% so far this year in Indian markets
Gold and silver prices continued their fall in Indian markets this week, tracking weak global cues. On MCX, gold futures fell 0.85% on Friday to settle at ₹48,106 per 10 gram while silver futures dropped 1.3% to ₹59,100 per kg. In about three weeks, gold prices have tumbled about ₹4,000 per 10 gram while silver ₹6,000 per kg as optimism about covid vaccine has sparked a rally in risk assets.
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