Gold prices fall ₹1,600 in 2 days and then rise today: Check today rate

New Delhi: Gold prices edged higher in Indian markets today after a sharp fall the previous week. On MCX, gold rates rose 0.4% to ₹46,911 per 10 gram while silver dropped 0.04% to ₹67571 per kg.

Gold had slumped a combined ₹1,600 on Thursday and Friday, in tandem with a sharp drop in global rates. And as compared to the start of this month, rates are down about ₹2,500. In global markets, gold rates were higher today after posting their biggest weekly loss in 15 months.

Spot gold was up 0.5% at $1,772.34 per ounce after suffering a 6% drop last week. Meanwhile, the price drop in gold attracted ETF buyers. The holdings of world’s largest gold-backed exchange-traded fund, SPDR Gold Trust, rose 1.1% to 1,053.06 tonnes on Friday from 1,041.99 tonnes on Thursday.