There is a tremendous decline in gold prices in the futures market on Friday. The futures prices of gold in the country have been seen falling for two consecutive days. The futures price of gold on June 5, 2020 was trading at Rs 45,900 per 10 gram on the MCX exchange, falling 2.87 percent or Rs 1358 on Friday afternoon. At the same time, on the afternoon of August 5, 2020 gold futures on MCX was down by 2.92 per cent, or Rs 1384, at Rs 46,065 per 10 grams. Earlier on Wednesday, gold futures prices were at their highest.
For your information, let us tell you that along with gold, there is a tremendous fall in silver prices in the futures market on Friday. On Friday afternoon, on May 5, the futures price of silver on MCX was down by 2.92 per cent or Rs 1294 to trade at Rs 42,961 per kg. At the same time, on Friday afternoon, silver futures on MCX were trending at Rs 43,444 per kg, falling by 3.01 per cent or Rs 1347 on Friday.
Talking about the international market, then the decline in the spot price of gold is seen on Friday. According to Bloomberg, on Friday afternoon, the global spot gold was down by 0.78 percent or $ 13.45 to trade at $ 1,704.25 an ounce. At the same time, when talking about the global futures price of gold, it was trending at $ 1715.20 an ounce on Comex on Friday afternoon by 0.95 per cent or $ 16.50. On the other hand, the spot price of silver was down by 1.43 percent or $ 0.22 on Friday afternoon at $ 15.28 an ounce.
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