The futures prices of gold and silver are seen declining on Wednesday. On Wednesday, the futures price of gold on MCX exchange was trending at 0.16 percent, or 0.16 percent, or Rs 60 on MCX exchange at 10.45 am on Wednesday. Due to this fall, the futures price of gold on December 5, 2019, was made at Rs 38,145 per ten grams. The futures prices of silver are also seen declining on Wednesday. On December 5, 2019, the futures price of silver on MCX Exchange was seen dropping by 0.21 percent or Rs 92 on Wednesday morning at 10.37 am. Due to this decline, the futures price of silver remained at Rs 44,770 per kg on December 5, 2019.
The futures price of gold on February 5, 2020, is also seen on Wednesday. On Wednesday, February 10, 2020, the futures price of gold was down 0.13 percent, or Rs 51, at Rs 38,180 per 10 grams on MCX exchange at 10.41 am on Wednesday. It is reported that according to HDFC Securities on Tuesday, gold had recorded a huge increase of Rs 328. On Tuesday, gold had closed at Rs 39,028 per 10 grams. At the same time, silver also saw a huge increase of Rs 748 on Tuesday. The precious metal had closed at Rs 45,873 per kg on Tuesday.
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On the international level, according to Bloomberg, on Wednesday, the spot price of gold was rising by 0.09 percent to $ 1473.84 an ounce. In addition, the spot price of silver was down by 0.07 percent at $ 17.14 an ounce. If we talk about crude oil, then on Wednesday it is witnessing a fall in its futures price. On Wednesday, December 19, 2019, the crude oil futures price was trending down by 0.52 percent or Rs 21 on MCX exchange at 10:43 pm on Wednesday. Due to this decline, the futures price of crude oil on December 19, 2019, remained at Rs 3980 per barrel.