Gold prices today fall sharply for second day in a row, silver rates slump2 min read . Updated: 26 Feb 2020, 11:17 AM IST
- Gold prices in India have fallen over ₹1,000 per 10 gram in just two days
- Silver rates have seen a bigger fall
Gold prices in India fell sharply today in Indian markets, extending losses to the second day. On MCX, April gold futures fell 0.7% or about ₹300 to ₹42,480 per 10 gram. The precious metal had fallen ₹765 per 10 gram in the previous session. Analysts attributed the decline in domestic prices in gold to profit-taking after the recent run-up in prices and a stronger rupee. Tracking gold, silver prices also fell sharply today. On MCX, silver futures fell 1.2% to ₹47,020 per kg. The rupee today strengthened to 71.77 a dollar as compared to previous close of 71.88. Domestic gold prices include 12.5% import duty and 3% GST.
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