Gold prices on the Multi Commodity Exchange (MCX) on April 8, 2021 traded weak by a mild percentage to Rs. 46358 per 10 gm.
On Wednesday, gold ended higher at Rs. 46344 owing to multiple reasons including rupee's depreciation to beyond levels of 74 per US dollar, retreat in US treasury yield and rising coronavirus cases which for the third day crossed 1,00,000 new cases mark.
In the international markets too gold prices fell after the US Federal Reserves’ latest minutes stressed on continuing with its policy support measures. Spot gold inched down 0.03% to USD 1,736.76 per ounce at 0149 GMT.
Indian share Markets trade on a higher note on Thursday amid broad-based buying across sectoral indices in an aftermath of RBI policy outcome. Sensex stays over 50,000 or up 355 points. Nifty 50 trades over 14,925 during the mid-noon session.
Crude oil price surged due to improving global economic outlook, however, the gains were kept in check because of rising gasoline inventories.