International gold prices fell in June on the back of a more hawkish-than-expected statement by the US Federal Reserve. But with the INR depreciating by 2.5% against the USD, the downside to the local gold price was curtailed. As a consequence, the LBMA Gold Price AM in USD and MCX Gold Spot in INR fell by 7.1% and 5.1% respectively during the month (Chart 1). {chart} Economic indicators showed signs of recovery spurred by unlocking measures: As restrictions eased, several economic indicators showed signs of recovery during the month. The high-frequency indicators of trade and demand, such as E-Way bill, fuel demand ... (full story)