Gold rates today fall sharply to near 11-month lows, silver rates plunge
Gold rates in India are down ₹12,000 per 10 gram from August highs
Weighing on gold is general progress on vaccination front which has improved global growth outlook, say analysts
Gold and silver prices fell sharply today in Indian markets in tandem with a similar fall in global rates. On MCX, gold futures were down 1.2% to near 11-month low of ₹44365 per 10 gram while silver declined 1.6% to ₹66,430 per kg. In Thursday's truncated session, gold prices edged 0.11% higher while silver advanced 0.2%. MCX was closed for the morning session on Thursday due to a public holiday.
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