On Wednesday, the futures prices of gold are also falling. Gold futures were trading down by Rs 58 to Rs 45,693 per 10 grams on June 5, 2020, on MCX, the leading commodity exchange of the futures market, at 12.23 pm on Wednesday afternoon. Apart from this, on Wednesday, 12 August 26 minutes on MCX, the futures price of five August 2020 fell by Rs 71 to Rs 45,915 per 10 grams.
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Silver prices are seeing a rise in futures market on Wednesday. The silver futures of July 3, 2020, was trading up 0.81 per cent or Rs 339 at Rs 42,235 per kg on the MCX exchange on Wednesday, 12 noon at 46 minutes. On the other hand, on crude oil, its futures price on May 18, 2020, fell by 0.48 per cent or 9 rupees to 1860 rupees per barrel on MCX on Wednesday afternoon.
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There is a decline in the spot price of gold and an increase in the futures price in the international market. According to Bloomberg, the global spot price of gold was down 0.02 percent, or $ 0.29, at $ 1,705.63 an ounce on Wednesday afternoon. Talking about the global futures price of gold, it was trending at $ 1711.60 an ounce on Comex on Wednesday afternoon with a gain of 0.06 percent or 1 dollar.
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