INSUBCONTINENT EXCLUSIVE:
Current Gold Price In India: MCX gold futures fell to as low as Rs 47,071/10 grams during the sessionGold Price In India: Domestic gold
futures eased more than 1 per cent on Wednesday but held firm the Rs 47,000 per 10 grams mark
session, compared to their previous close of Rs 47,567 per 10 grams
At 3:01 pm, the gold futures contract (delivery on August 5) traded down 0.98 per cent - or Rs 465 per 10 grams - at Rs 47,102 per 10
opening rate of gold jewellery stood at Rs 47,596 per 10 grams, and silver at Rs 48,146 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
surge in coronavirus infections in Beijing but with hopes for a potential COVID-19 drug and a stronger US dollar limiting their advance.Spot
on Wednesday backed by buying interest in banking and automobile shares.The S-P BSE Sensex index bounced back 600.7 points from an intraday
$1735/oz in early deals today
Amid the mixed cues from increasing virus cases in US and China, and hopes of additional stimulus measures countered by gains in equity
are on a wait-and-watch mode
Although the general bias may be on the upside in the near term, gold may trade choppy as market players assess the coronavirus situation
