Mirroring the global trend, MCX gold futures gained 4.9% to close at ₹49,349 per 10-gm. MCX silver futures gained 5.2% to settle at ₹71,898 per kg. Comex gold price moved well past the target of $1,865-1,880 mentioned last month. Silver hits targetComex silver, too, achieved the target of $27.7-28.5 mentioned last month. MCX gold ruled firm in May and also moved to the then-mentioned target of ₹48,500-49,500.

Source: The Hindu June 06, 2021 18:00 UTC