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Gold prices in India continued to remain in a narrow range in Indian markets. Despite positive global cues, gold prices on MCX fell 0.02% to ₹51390 per 10 gram amid a stronger rupee. On the other hand, silver gained 0.25% to ₹68619 per kg. In the previous session, gold futures had risen 0.07% on MCX while silver had slipped 0.12%. Gold is now down about ₹5,000 per kg from record highs of about ₹56,200, hit last month.
Similarly, silver prices are now down more than ₹10,000 per kg in about a month.
In global markets, gold prices moved higher, supported by a weaker US dollar and concerns that a coronavirus vaccine could get delayed. Spot gold rose 0.7% to $1,945.20 per ounce.
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