Gold and silver rates in India edged lower amid muted global cues. In India, gold rates turned volatile after they hit near five-month high of ₹49,800 last week. In international markets, gold rates moved lower, hurt by a stronger US dollar. Last week, gold dealers in India offered discount of up to $12 an ounce - the biggest discounts in nearly nine months, up from $10 in the previous week. Gold rates in India include 10.75% import duty and 3% GST.

Source: Mint June 07, 2021 03:40 UTC