Gold Price: There is a continuous decline in the price of gold. In three days, there was a big fall of Rs 1,070 in the market price of gold. The price of gold also declined on Thursday.
New Delhi: Gold Price: There is a steady decline in the price of gold. In three days, there was a big fall of Rs 1,070 in the market price of gold. The price of gold also declined on Thursday.
Gold became cheaper by Rs 490 on Thursday
According to the Good Returns website, the price of 24 carat gold was recorded at Rs 52,370 per ten grams on Thursday. There was a decrease of Rs 490 in comparison to Wednesday. On Wednesday, the price of gold was stable, while on Tuesday also a decrease of Rs 580 was recorded in the price of gold.
22 carat gold prices also fell
Similarly, the price of 22 carat gold was recorded at Rs 48,000 per ten grams on Thursday. It decreased by Rs 450 as compared to Wednesday. On Wednesday, the price of gold was stable, while on Tuesday it had decreased by Rs 540.
Gold also became cheaper on MCX
At the same time, gold fell by Rs 113 to Rs 51,086 per 10 grams in the futures market on Thursday due to reduced deals by traders amid weak demand. On the Multi Commodity Exchange (MCX), gold for delivery in June fell by Rs 113 or 0.22 per cent to Rs 51,086 per 10 grams.
It traded for 13,457 lots. Analysts said cutting positions by participants led to the fall in gold futures. Globally, gold was trading 0.18 per cent lower at USD 1,885.30 an ounce in New York.
Silver futures price broken
At the same time, due to lack of spot demand, traders reduced their positions, due to which silver futures fell by Rs 452 to Rs 64,228 per kg on Thursday.
In MCX, silver for delivery in May declined by Rs 452 or 0.7 per cent to Rs 64,228 per kg. It had a business of 3,572 lots. Globally, silver was trading 0.64 percent lower at $ 23.36 an ounce in New York.
