Gold loses luster, silver rises above ₹600 – India TV Hindi

Gold futures fell as traders trimmed their contracts.  India TV Money
Image: File Gold futures fell as traders trimmed their contracts.

Gold prices also fell on Thursday. However, there was an increase in the price of silver. Gold fell by Rs 80 to Rs 62,270 per 10 grams in the national capital today, according to HDFC Securities. Let us tell you that in the last trading session i.e. last Wednesday, the price of gold closed at Rs 62,350 per 10 grams. Also, silver prices strengthened by Rs 600 to Rs 74,600 per kg. Silver closed at Rs 74,000 per kg in the last trading session.

Effect of softening global market on gold

Taking a cue from the global market, the spot price of gold (24 carat) fell by Rs 80 to Rs 62,270 per 10 grams in Delhi markets, HDFC Securities Senior Commodity Analyst Somal Gandhi said. went In the international markets, gold in Comex (commodity market) stood at $1,993 per ounce, which is two dollars lower than the previous closing price. Silver rose to $22.50 an ounce, compared to its previous close of $21.97 an ounce.

Gold futures prices fall

Gold prices fell by Rs 58 to Rs 61,385 per 10 grams in futures trade on Thursday as speculators trimmed their positions amid weak spot demand. On the Multi Commodity Exchange (MCX), the contract price for April supply fell by Rs 58 to Rs 61,385 per 10 grams. 13,762 lots were traded in it. Market analysts said the drop in gold futures prices was due to traders reducing positions. Globally, gold rose 0.04 percent to $2,005.10 an ounce in New York.

A rise in silver futures prices

Amid strong spot demand, silver rose by Rs 144 to Rs 70,296 per kg in futures trade. Silver for March delivery rose by Rs 144 to Rs 70,296 per kg at the Multi Commodity Exchange. 28,277 lots were traded in it. Silver futures rose as traders bought fresh deals amid a strong trend in the domestic market, market analysts said. Globally, the price of silver in New York stood at $22.56 per ounce.

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