Gold prices fell for two days as silver rates drop sharply in mid-October 2020.

Gold and silver prices in India fell for the second day on the Indian exchange.

Gold and silver prices in India fell for the second day on the Indian exchange.Gold and silver prices hit a record high in August 2020, but it has come down as the dollar strengthened since then. Gold has lost over 10 percent, while silver prices have climbed down over 20 percent from their highs. On MCX, the bullion prices were quoting lower for the second straight day as investors focused on stimulus developments in the US. Gold slipped 0.22% to ₹50437 per 10 gram, while silver futures fell 0.7% to ₹61,250 per kg on Tuesday 19 October. The safe-haven demand has been steady amid the US presidential election, Brexit trade talks, and rising COVID-19 cases.

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Financial Express

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Mint

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