#Gold prices today fall for the first time in 3 days
Gold prices in India today fell for the first time in three days as profit-taking and stronger equities hurt the precious metal. However, a weaker rupee capped the fall. Gold futures on MCX fell 0.4% today to ₹43,400 per 10 gram on profit-taking after the recent rally that took prices closer to record highs. Tracking gold, silver prices also fell 0.34% to ₹46,522.
Gold prices were mostly flat today in global markets today as stronger equities and upbeat US data slightly dented the safe haven appeal of non-yielding assets like bullion. Spot gold was up 0.1% at $1,637.80 per ounce. US services sector activity jumped to a one-year high in February, recent data showed.
Among other precious metals, silver rose 0.3% to $17.22 per ounce while platinum was steady at $872.40.
