MCX Gold prices edged higher today after seeing a sharp fall in the previous two sessions. On MCX, gold prices moved 0.5% higher to ₹40,188 per 10 gram.
In previous two sessions, gold prices had fallen about ₹1200 per 10 gram. Tracking gold, silver prices also edged higher today, rising 0.6% to ₹45,823 per kg. In global markets, gold prices moved higher today after falling sharply in the previous session.
Concerns about the spreading coronavirus outbreak from China helped support gold as the death toll neared 500. But global risk appetite was held up by China’s stimulus efforts to mitigate its economic impact.
In global markets, spot global prices were up 0.2% to $1,555.41 per ounce, after a 1.5% slide in the previous session.
