New Delhi: Gold price fell for the third consecutive day in the domestic market today. Gold futures at MCX touched Rs 49,159 per 10 grams. Silver futures rose 0.2 per cent to Rs 71,370 per kg. Silver had lost 0.8 percent in the previous trading session. Gold fell after a five-month high of Rs 49,700 per 10 grams last week.

Gold price is down about 7,000 rupees from last year's high (Rs 56,200 per 10 grams). Gold prices had touched a low of Rs 44,000 per 10 grams in March. Spot gold was up 0.1 per cent at $1,893.78 an ounce in global markets. Silver was at $27.63 an ounce in other precious metals and platinum fell 0.1 per cent to $1,160.81. India's gold imports rose 22.58 per cent to $34.6 billion, or Rs 2.54 lakh crore, in the previous fiscal 2020-21.

The Centre extended the deadline for mandatory hallmarking of gold jewellery and artifacts till June 15. A decision in this regard was taken at a meeting led by Consumer Affairs Minister Piyush Goyal. In November 2019, the government announced that hallmarking of gold jewellery and artifacts would be made mandatory from January 15, 2021.

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