Gold rates today have increased at all major cities in Delhi, Chennai, Kolkata and Mumbai
"Gold prices witnessed selling on stronger dollar," said Tapan Patel, HDFC Securities, Senior Analyst (Commodities).
Increasing coronavirus cases globally and in the domestic markets are likely to increase demand for safe-haven assets like gold, say experts
Silver also looks bullish, considering its demand from green energy segment and automotive and electric vehicles and gadgets segments
On MCX, April gold contracts were trading lower by 0.3% at Rs 44,737 for 10 grams in early trade, while May silver futures, too, were trading 0.5% low
Analysts believe the lower prices of gold and silver in physical markets is expected to push demand further.
On MCX, gold futures were up 0.2% to Rs 44,295 per 10 grams, after falling to Rs 44,150 in the previous session
Gold prices have declined by over ₹12,000 per 10 gram from its highs of Rs 56,200 in August 2020
The enabling framework will help generate interest in trading and hedging activities, and serve as a precursor to International Bullion Exchange(IBE),
On MCX, gold futures fell 0.4% to a 10-month low of Rs 44,768 per 10 gram, while silver slid 0.8% to Rs 67,473 per kg