Gold prices fell for the second consecutive session on Tuesday. On MCX, gold April futures were seen trading at Rs 48,380 per 10 gram, down Rs 340 or 0.70 per cent. While silver March futures plunged Rs 1,835 or 2.49 per cent to Rs 71,831 per kg on Multi Commodity Exchange. On the Budget day, Finance Minister Nirmala Sitharaman announced to cut base customs duty gold and silver prices, and imposed a 2.5 per cent agriculture infrastructure and development cess. The customs duty on gold and silver has been reduced to 7.5 per cent.

Gold prices fell for the second consecutive session on Tuesday. On MCX, gold April futures were seen trading at Rs 48,380 per 10 gram, down Rs 340 or 0.70 per cent. While silver March futures plunged Rs 1,835 or 2.49 per cent to Rs 71,831 per kg on Multi Commodity Exchange. On the Budget day, Finance Minister Nirmala Sitharaman announced to cut base customs duty gold and silver prices, and imposed a 2.5 per cent agriculture infrastructure and development cess. The customs duty on gold and silver has been reduced to 7.5 per cent.