Gold value in India slid once more for the second day on Thursday as on the Multi-Commodity Exchange (MCX), gold futures have been down by 0.04 per cent at Rs 49,580 for 10 grams.
However, silver edged larger on Thursday. On MCX, silver July future was up by 0.13 per cent at Rs 72,775 per kg.
In the worldwide market, gold costs inched decrease on Thursday. Spot gold was down 0.2 per cent at $1,904.36 per ounce. On Tuesday, gold costs hit their highest stage since January 8 at $1,916.40. US gold futures eased 0.1 per cent to $1,907.70 per ounce.
The US 10-year Treasury yield slipped beneath 1.60 per cent, lowering the chance value of holding non-interest bearing gold. The greenback index, nonetheless, edged 0.1 per cent larger towards its rivals, making gold much less interesting for different foreign money holders.