Gold prices in India dipped today for second day in a row despite positive global cues. In international markets, gold prices were flat near a four-month high, ahead of the release of minutes from the US Federal Reserve's last policy meeting. Spot gold in global markets was flat at $1,866.54 per ounce after hitting $1,874.80 in the previous session. In global markets, gold rates have risen more than 10% after falling to a nine-month low in early March. "However, weighing on gold price is improving virus situation in US and Europe which has helped authorities to ease virus related restrictions.

Source: Mint May 19, 2021 05:18 UTC