Gold rates today struggle to move higher, down ₹8,000 from record highs
Gold rate per 10 gram: On a year-to-date basis, it is down about ₹2,000 per 10 gram, after hitting a record high of ₹56,200 in August last year.
Gold rates in India today struggled to move higher amid flat global cues. On MCX, gold futures were up 0.14% to ₹48,126 per 10 gram while silver edged 0.07% lower at ₹61,785 per kg. In global markets, gold inched higher despite a risk-on rally in equity markets. A dip in US bond yields from their recent highs supported the precious metal, reducing the opportunity cost.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started