Gold prices on Monday fell 1.3%, by Rs 600 to a record five-month low to Rs 46,019 per 10 grams on the Multi-Commodity Exchange (MCX). The prices of silver also witnessed a steep drop as the metal shed 1.6%, Rs 1,000 to Rs 63,983 per kg. The huge drop in the prices of the two metals comes as gold and silver rates were continuing to decline in India. Both gold and silver had plunged nearly Rs 1,000 and Rs 2,000 in previous sessions. SPDR Gold Trust is the world's largest gold-backed exchange-traded fund.

Source: dna August 09, 2021 07:30 UTC