Today, gold and silver futures prices fell in Indian markets. Gold futures on MCX were down 0.6 percent to Rs 47,292 per 10 grams, while silver futures fell 0.19 percent (Rs 137) to Rs 70763 per kg.
Last year, gold reached a high of Rs 56,200 per 10 grams. The price of gold in India attracts an import duty of 10.75 percent and GST of 3 percent.
Spot gold was down 0.2 percent at $ 1,789.02 an ounce in international markets, while silver was down 0.5 percent at $ 26.74 an ounce. A strong dollar index makes gold more expensive for other currency holders. Among other precious metals, palladium was up 0.2 percent at $ 2976.83 today and platinum was down 0.1 percent at $ 1228.94.