Srinagar, Feb 15,2021; Gold prices remained weak for the third day in Indian markets today in tandem with softer global rates, The MInt reported.
On MCX, gold futures were up 0.17% to ₹47,398 per 10 gram while silver futures gained 1% to ₹69,900 per kg.
In the previous two sessions, gold had lost about ₹800 per 10 gram. In global markets, gold eased today after a jump in US Treasury yields, which hit nearly 11-month high. Gold fell 0.2% to $1,820 an ounce.
Higher bond yields increases the opportunity cost of holding non-yielding assets like gold.