Gold and silver futures prices are going down drastically on Tuesday. On Tuesday morning on April 3, 2020 gold futures on MCX exchange was down by 1.48% or 645 rupees at Rs 42,935 per 10 grams. The gold futures on June 5, 2020 was down by 1.46% or Rs 641 to trade at Rs 43,153 per 10 grams, while the decline in gold prices was due to the decrease in global prices and profit recovery.
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This is the first fall in the April gold futures price on MCX within 5 days. It is being told that the domestic spot price of gold closed at Rs 44,472 per ten gram on Monday, with a rise of Rs 953. The global gold price is also seeing a sharp decline on Tuesday morning. According to Bloomberg, on Tuesday morning, the spot gold was trading down by 0.21% or $ 3.52 an ounce to $ 1,655.86 an ounce. Silver prices are also seeing a sharp decline on Tuesday.
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On Tuesday morning, silver futures on March 5, 2020 on the MCX exchange fell by 1.87 or 925 rupees to trade at Rs 48,480 per kg. Silver futures on May 5, 2020 fell by 1.84% or Rs 921 to trade at Rs 49,094 per kg on the MCX exchange on Tuesday morning. According to Bloomberg, the global spot price of silver was down 0.21% or $ 0.04 to trade at $ 18.60 an ounce on Tuesday morning.