INSUBCONTINENT EXCLUSIVE:
Current Gold Price In India: MCX gold futures rose to as high as Rs 47,524/10 grams during the sessionGold Rate In India: Domestic gold
futures jumped more than 1 per cent before trimming gains on Tuesday, as global rates moved up amid weakness in the dollar
MCX gold futures rose by as much as Rs 498 per 10 grams to touch Rs 47,524 per 10 grams at the strongest level recorded during the session,
compared to their previous close of Rs 47,026 per 10 grams
At 4:35 pm, the gold futures contract - for delivery on August 5 - was up 0.69 per cent (Rs 324 per 10 grams) at Rs 47,350 per 10
opening rate of gold jewellery stood at Rs 47,314 per 10 grams, and silver at Rs 47,545 per kilogram - both excluding Goods and Services Tax
(GST).Gold jewellery prices vary in different parts of India - the second largest consumer of the precious metal - due to factors such as
central bank's announcement of details of a plan to start buying corporate debt to revive the world's largest economy.Spot gold was last
amid fears of escalating tensions between India and China
(Read More On Stock Markets)In March, commodity exchanges cut down trading hours, in a shift from the practice of allowing trading till
settled 0.6 per cent lower at $1727.10/oz as risk-on re-emerged after the White House economic advisor said that US President is determined
not to close the US economy over new cases of COVID-19
However, the downside might be limited to $1700/oz-$1680/oz as bargain buying has been seen in the past at those levels
