Gold prices today struggled to edge higher after a sharp four-day fall. The recent fall in global rates and import duty cut in Budget has pushed gold rates in India to near seven-month lows. In global markets gold prices edged up but still remained below the key psychological $1,800 level. Silver prices have dropped sharply in global markets since a GameStop-style retail frenzy sent them to their highest level in nearly eight years. Analysts say that the passage of US President Joe Biden's $1.9 trillion COVID-19 may likely support gold at lower levels.

Source: Mint February 05, 2021 04:02 UTC