Higher global rates and a weaker rupee today pushed gold and silver prices higher in domestic markets. On MCX, April gold futures rose 0.38% to ₹40,639 per 10 gram, extending gains to the second day. Tracking gold, silver futures on MCX rose 0.62% to ₹45,781 per kg. The rupee today weakened to 71.42 against the US dollar, pushing the price of imported gold higher. Gold prices in India includes 12.5% import duty and 3% GST.
Gold can move towards ₹40,750 while taking support near ₹40,400 whi