Gold rates were trading low today after crossing the Rs 49,000 mark on Might 26Gold prices had a hard time on Thursday a day after they had actually crossed the Rs 49,000 per 10 gram mark during intra day offers.
On MCX, gold June futures were trading at Rs 48,795 per 10 gram, as against the previous close of Rs 48,784.
Silver July futures were trading weak at Rs 71,374 per kg, down Rs 37, as compared to the last close of Rs 71,411.
COMEX gold was trading 0.4 per cent lower at near $1893/oz after a 0.2 percent gain in the previous session.In the global market, gold costs pulled back from a four-month high up on the back of an increase in the United States dollar and bond yields, while financiers awaited key financial readings out of the United States this week.Spot gold was down 0.1 per cent at $1,894.88 per ounce after striking its highest given that January 8, 2021 at $1,912.50 on Wednesday.
US gold futures decreased 0.3% to $1,898 per ounce.