Despite the fall in futures gold prices, the spot market saw an uptick in Spot Gold, Spot Gold is trading up by 0.02% in India.
Gold and silver prices fell today, after three consecutive days of gains in the US due to uncertainty over the Stimulus package and softening in global markets. The prices of these precious metals have broken in international markets along with India. Today, futures gold futures (Gold futures) fell 0.47% to open at 51,090 per 10 grams on Multiple Commodity Exchange (MCX) today. At the same time, prices of futures silver also fell by 1.18% to open at Rs 62,881 per kg. However, despite the fall in futures gold prices, there was a spurt in the spot gold prices in the domestic market. Spot Gold is trading up by 0.02% at Rs 51,130 per 10 grams in India.
On MCX, gold futures was trading at 0.49%, which fell by Rs 251 to 51,082 per 10 grams at 10.30 am. At the same time, silver was trading at Rs 62,860, slipping by 1.21% i.e. Rs 770 per kg. Whereas, on Wednesday, silver had closed at Rs 63,629 and gold had closed at Rs 51,333 per 10 grams.
Prices fell in global markets as well, in the
international market today, the pressure on gold and silver prices showed. Gold delivered in December is trading at $ 1916.15 per ounce on COMEX (US Gold futures). In December, delivery silver was trading down $ 0.34 at $ 24.88 an ounce. At the same time, spot gold is trading down 0.58% at $ 1913.4 an ounce in global markets and silver is down 1.07% to $ 24.8 an ounce.
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