Gold Prices Fall, Silver Trades Marginally Higher On MCX

Spot gold was down 0.2 per cent at $1,788.89 per ounce by 9:34 am, after hitting its highest since February 25 at $1,797.75 on Monday.

Gold futures for delivery in June fell as much as 0.23 per cent on the MCX to touch an intraday low of Rs 47,210. Spot price for fine gold was Rs 46,900 per 10 gram on Monday, according to India Bullion & Jewellers Association (IBJA). Gold with purity of 22 carat was sold at Rs 45,310 per 10 gram, 18 carat gold was retailed at Rs 37,520 per 10 gram and 14 carat gold was sold at Rs 31,119 per 10 gram, IBJA said in a tweet. In international markets, gold prices retreated from a more than two-month high on Tuesday due to an uptick in the dollar, although weaker-than-expected US economic data stoked concerns over recovery and limited losses for the safe-haven metal. Spot gold was down 0.2 per cent at $1,788.89 per ounce by 9:34 am, after hitting its highest since February 25 at $1,797.75 on Monday. US gold futures fell 0.1 per cent to $1,789.40 per ounce.