Gold prices dropped by Rs 2,900 in 10 days to Rs 71,065 per 10 grams from a peak of Rs 73,958, as investors ignored Middle East tensions. MCX June gold futures edged up by Rs 36, while May silver contracts rose by Rs 172 to Rs 80,850/kg today.
The 20% decline in India VIX is in contrast to the overall tendency of the Indian market, which often experiences increased volatility during general elections.