Gold prices were weak today in Indian markets after a sharp fall in the previous session. On MCX, gold futures were down 0.04% to near one-month low of Rs 46,878 while silver edged 0.28% higher to Rs 63,468 per kg.
In the previous session, gold had slumped 0.77% or about Rs 400 while silver had dipped 0.5%. In global markets, gold rates were down below key $1,800 level as investors remained cautious ahead of next week’s US Federal Reserve meeting.
Spot gold fell 0.6% to $1,793.20 per ounce despite a subdued US dollar.
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