The price of gold eased after spiking more than 2 percent in the previous session, on global cues. On the Multi Commodity Exchange (MCX), gold futures of February 2021 contract were trading lower by 0.1 percent at Rs 51,370 per 10 grams On Tuesday,
Likewise, Spot Gold was down 0.2 percent to $1,938.16 per ounce after hitting $1,945.26 in the earlier session, its highest since 9 November.
US Senate from Georgia will decide the future course of fiscal support for America that will be on the spotlight in the market. Last day, gold prices in India crossed the Rs 51,000 per gram mark after British Prime Minister Boris Johnson ordered England into a new national lockdown to contain a surge in COVID-19 cases.
Meantime, On Indian stock markets, during the mid-noon session, BSE Sensex is trading at 448,226.47 up 49.67 points or 0.10 percent. Nifty Auto is trading at 9,353.20 down by 64.75 points or 0.69 percent. The index has touched an intraday high and low of 9,369.70 and 9,293.45 respectively today.