Gold and silver prices on Monday rushed in Indian markets as on MCX, gold rose 0.24 per cent to near four-month high of ₹ 48,519 while silver rates jumped 0.5 per cent to ₹ 71,440 per kg. In the before session gold had declined 0.22 per cent while silver had slumped 1.7 per cent.
In international markets, gold inched higher to near 4-month high as a slide in cryptocurrencies rather lifted the safe-haven metal’s appeal.
The precious metal was also keep up by a weaker US dollar and expectations of growing inflationary pressure. Spot gold was up 0.2 per cent at $1,883.21 per ounce. Among other precious metals, silver gained 0.4 per cent to $27.64 while platinum climbed 0.6 per cent to $1,173.03.
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