Gold prices stay under pressure, silver rates on the upward rally

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It’s the fifth day in a row when gold prices still remain uneven. Sluggish growth of covid vaccine has resulted in dented effects for gold rates.  On MCX, gold edged up 0.11% to ₹50,029 per 10 gram suffering losses. Silver rose to Rs 61690 with 0.3 %. In global markets, gold prices also declined due to the ongoing COVID-19 crisis. Financial analysts say gold rates may remain choppy in the short run and buying will take place at lower levels.

 

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