Gold and silver rates edged higher in Indian markets today after sharp selloff in previous two sessions. Gold edged 0.4% higher to ₹46,065 per 10 gram while silver rose 0.7% to ₹63,095 per kg. On Friday, gold rates had fallen by ₹1,000 and silver by ₹2,000 while on Monday they slumped ₹700 and ₹2,250 respectively. Technically, gold rates may be choppy with weak bias while prices stay below $1788, says Geojit. The better than expected jobs data also fueled the belief that US Fed may start tightening the monetary policy earlier than expected.

Source: Mint August 10, 2021 03:38 UTC