Further, increasing hopes of an economic stimulus from the US government also weighed on the price of gold internationally, which reflected in the domestic market.
As the US Congressional Republicans and Democrats try to pass a new round of coronavirus aid, lawmakers from both parties are of the view that failure to agree was not an option anymore.
The
The March contract of Silver was trading at ₹67,622 per kg, lower by ₹645 or 0.94% from its previous close.
Anuj Gupta, DVP,
"They can also go for 'buy' in silver at Rs 67,800 levels with the stop loss of 67,000 levels and for the target of 70,000 levels," he said.
Gupta said that in the international market gold may test $1,900 and silver may test the $27 level soon.
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