Gold prices today fall for second day

Mumbai : Gold prices fell in Indian markets today despite a positive global trend. On MCX, August gold futures fell 0.4% to ₹47,150 per 10 gram, after a 0.12% slide in the previous session. July silver futures declined 0.6% to ₹47,408, following a ₹900 slide on Friday. In India, physical demand of gold remained weak even as jewellery stores reopened, promoting dealers to offer discounts of up to $20 an ounce last week over official domestic prices. Domestic gold prices include 12.5% import duty and 3% GST.