Notwithstanding a rally in global markets, gold prices in India fell for the first time today in four days. On MCX, February gold futures prices fell 0.14% to ₹39,024 per 10 gram, their first decline in four sessions. In global market, gold prices today rose to their highest in more than two months in thin year-end trading as geopolitical and economic uncertainty boosted the safe haven appeal of bullion. Further supporting gold, the dollar slipped against a basket of rivals, making gold cheaper for holders of other currencies. The year-end rally in gold prices comes alongside an advance in global equities, making some analysts cautious.

Source: Mint December 30, 2019 06:11 UTC