Gold Prices Today: Yellow Metal Surges A Day After Slump, Silver Too Up

Gold and silver prices slid lowerin Indian markets after a sharp drop in the previous session. Gold futures were up 0.32% at Rs 47,927 per 10 gram.

Gold and silver prices slid lower in Indian markets after a sharp drop in the previous session. Gold futures were up 0.32% at Rs 47,927 per 10 gram while silver moved up 0.25% at Rs 69,389 per kg. In the previous session, gold had fell 0.83% while silver had slid 1.6%. In international markets, gold rates spiked higher as US Treasury yields fell and the dollar softened. The precious metal was also helped by sluggish global equity markets. On MCX, gold rates have support at Rs 46,200 per 10 gram while faces resistance at ₹48,240, market watchers said. In India, gold has risen about ₹4,000 so far this month, tracking a recovery in global rates.