On Wednesday, gold and silver futures prices have seen a significant decline. The futures price of gold on MCX was declining by 0.56 per cent or Rs 261 on Wednesday morning at Rs 46,061 per 10 grams. Apart from this, on Wednesday morning, the gold futures price of five August 2020 on MCX was down by 0.53 per cent or Rs 248 and was trending at Rs 46,294 per 10 grams. Globally, gold and silver prices are seen falling on Wednesday morning.
Along with gold, the futures price of silver (Silver Futures Price) is also seen on Wednesday. On Wednesday morning on MCX, silver futures of July 3, 2020, were down by 0.47 per cent or Rs 223 to trade at Rs 47,598 per kg.
If we talk about the international market, there is a decline in both gold futures and spot prices on Wednesday morning. According to Bloomberg, on Wednesday morning, the global futures price of gold was down by 0.78 per cent or $ 13.50 at $ 1714.70 an ounce on Comex. The global spot price of gold was down by 0.26 per cent or $ 4.38 to trade at $ 1,706.20 an ounce. Similarly, like the gold in the global market on Wednesday morning, silver also saw a fall in both futures and spot prices. Has received The global spot price of silver was down by 0.54 percent, or $ 0.09, on Wednesday morning at $ 17.04 an ounce.
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