Gold and silver prices gained in Indian markets today, lifted by higher global rates. Tracking gold, silver also edged higher. In global markets, gold rates rose 0.6% to $1,586 an ounce as concerns over the spread of coronavirus in China spurred investors to buy the safe-haven metal. Gold prices in India include 12.5% import tax and 3% GST. However, wedding season demand could support gold prices, said a dealer.

Source: Mint January 27, 2020 03:42 UTC