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Gold Price Today: Gold Futures Sheds Over 200 Points, Trades Below Rs 47,000 Mark

Domestic spot gold closed at Rs 46,930 per 10 grams on Thursday, and silver at Rs 68,460 per kilogram - both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA).   MCX Gold June gave a gap up opening and has been on a declining spree since then. It has declined more than 200 points and tested the support of 47000-46800 levels. We may expect a marginal rise from the support and test 47100- 47150 levels on the upside. This rise could act as a selling opportunity for the investors, said Kshitij Purohit, Product Manager, Currency and Commodities, CapitalVia Global Research Limited. 

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