Gold and silver prices struggled for the second day in a row amid muted global cues. In the previous session, gold had declined 0.4% after crossing ₹49,000 levels intraday, while silver had jumped over 1%. “Further upside is possible only if MCX gold prices hold on to ₹49,000 levels for few sessions. In global markets, gold rates took a pause today after the surging to over four-month high in the previous session. In the previous session, gold had hit $1,912.50, the highest level since January 8.

Source: Mint May 27, 2021 03:41 UTC