Gold rate today: Yellow metal extends weakness; silver breaches Rs 60,000 mark

Gold futures on MCX were trading lower, falling about 0.38 per cent or Rs 195 to Rs 50,469 per 10 grams. However, silver futures plunged 0.62 per cent or Rs 374 at Rs 59,937 per kg.Amid prospects of aggressive monetary policy tightening, investors de-risking leaves the potential for gold prices to take another knock.

Gold rate today: Yellow metal extends weakness; silver breaches Rs 60,000 mark
Gold futures on MCX were trading lower, falling about 0.38 per cent or Rs 195 to Rs 50,469 per 10 grams. However, silver futures plunged 0.62 per cent or Rs 374 at Rs 59,937 per kg.Amid prospects of aggressive monetary policy tightening, investors de-risking leaves the potential for gold prices to take another knock.