Gold prices today fall for first time after 6 days: Check today gold rate

New Delhi: Gold and silver rates today slipped in Indian markets, tracking a decline in global rates. On MCX, gold futures dropped 0.3% to ₹47776 while silver rates fell 0.5% to ₹69008 per kg.

In global markets, gold fell 0.4% to $1,797 an ounce amid a stronger US dollar after Federal Reserve minutes indicated a plan for tapering stimulus may be edging closer. “Lower US treasury yields and worries over the rise in new virus cases due to the more virulent Delta variant are keeping gold prices steady near $1800 an ounce.

Gold prices continue to be choppy inside $1820-1748 levels and breaking any of the sides would suggest a short-term direction for the commodity, he said, adding a close below $1745 is a bearish signal for the metal.