On Tuesday, there has been a tremendous jump in gold prices in the domestic futures market. Also, the decline in the domestic price of silver has been recorded. On the MCX exchange, gold futures of August 5, 2020, were trending at Rs 48,333 per 10 grams with a gain of 0.22 per cent or Rs 108 on Tuesday afternoon. The futures price of gold on October 5, 2020, was trading at Rs 48,465 per 10 grams on MCX on Tuesday afternoon, by 0.23 percent or Rs 112. Significantly, in the last session, the domestic spot price of gold on Monday was Rs 48,964 per 10 grams.
If we talk about silver, its domestic futures prices have seen a decline on Tuesday afternoon. On September 4, the futures price of silver on MCX was trending at Rs 49,669 per kg, falling by 0.24 per cent or Rs 121 on Tuesday afternoon. Earlier on Monday, the domestic spot price of silver was Rs 49,060 per kg.
In the global market, the futures price of gold has seen an increase and the fall in the spot price. According to Bloomberg, the global futures price of gold was trading up 0.06 percent, or $ 1, at $ 1,794.50 an ounce on Comex on Tuesday afternoon. At the same time, the global spot price of gold was down by 0.07 percent or $ 1.23 on Tuesday afternoon, trending at $ 1,783.45 an ounce.
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