After a sharp fall last week, the gold and silver prices struggled in India on Tuesday. On MCX, December gold grew 0.05 per cent to Rs 50,856 per 10 gram, while the silver futures stood at Rs 63,700 per kg. 
Gold prices were edged 0.2 per cent down in previous day trading session as MCX remained closed during the morning session due to holiday. Last week, gold prices fell Rs 1,200 per kg on MCX, following a similar trend of global markets as optimism over coronavirus vaccine put pressure on gold prices.
Today, gold prices stood steady in overseas markets at $1,890.43 an ounce, while concerns about the rising covid cases in the US and Europe offset pressure for vaccine after Moderna said that its experimental vaccine is 94.5 per cent effective against COVID-19. On Monday, gold dropped as much as 1.3 per cent following the Moderna Covid-19 vaccine results.
Other precious metals in global markets such as silver fell 0.1 per cent to $24.74 per ounce, platinum was steady at 925.50, while palladium was 0.4 per cent down at $2,323.30. Gold was supported by weaker US dollar which edged 0.17 per cent lower at 92.477, making gold cheaper for investors of other currencies.