Gold prices today drop after jumping ₹1,250 in a day, silver rates higher

Gold prices dropped today in Indian markets after posting big gains in the previous session. On MCX, December gold futures were down 0.28% to ₹51,910 per 10 gram while silver futured edged up 0.32% to ₹64,460 per kg. After holding in a narrow range in recent weeks, gold broke out in the previous session as uncertainty over the US election results hopes amid a surge in coronavirus infections across the world boosted demand for the haven asset. 

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