(LiveMint)
Gold prices in India today struggled for gains today after hitting a record high in the previous session. On MCX, August gold futures were flat at ₹48,730 per 10 gram while silver futures were up 0.12% to ₹50,423 per kg. Domestic gold prices, which include 12.5% import duty and 3% GST, hit a record high of ₹48,825 per 10 gram in the previous session after they surged over 1%, in tandem with a rally in global markets. Silver had surged about 3% in the the previous session.
In global markets, gold prices today edged closer to near an eight-year high as resurgence in coronavirus cases pushed demand for the metal, which is considered as a safe-haven in times of economic uncertainty. Spot gold edged up 0.1% at $1,782.21 per ounce, after hitting its $1,785.46 in the previous session – highest since October 2012. Among other precious metals, platinum rose 0.7% to $822.50 and silver gained 0.6% at $18.24.
