Gold and silver prices today fell in Indian markets, a day after witnessing big gains. On MCX, gold rates fell 0.3% to ₹50230 per 10 gram while silver edged 0.06% to ₹63825 per kg. Gold rates had jumped about ₹900 on Thursday amid Ukraine tensions.
In global markets, gold rates slipped today after US-Russia agreed for talks over the Ukraine standoff, easing some geopolitical concerns that had fueled demand for the haven asset. Spot gold fell 0.4% to $1,890.91.
Ukraine tensions had roiled global financial markets in recent days as US ramped up warned of a possible Russian attack though Kremlin said no invasion was planned.
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