On Wednesday, gold futures closed at a huge gain. Earlier, gold futures closed down in the last three sessions. On Wednesday, the gold futures on June 5, 2020 on the MCX exchange closed at Rs 46,175 per 10 grams with a huge gain of 1.88 per cent or Rs 850. Apart from this, the futures price of gold on August 5, 2020 closed at Rs 46,291 per 10 grams on MCX with a gain of 1.74 percent or Rs 792. This has increased in domestic futures due to the rise in the global spot price of gold. Gold and silver spot markets in India remained closed on Wednesday due to the lockdown.
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Apart from this, silver futures closed down on Wednesday. On Wednesday, silver futures on May 5, 2020, fell 0.26 per cent, or Rs 108, to close at Rs 41,640 per kg on the MCX exchange. Talking about the futures price of crude oil on MCX, the crude oil futures price of 18 May 2020 closed at Rs 926 per barrel with a steep fall of 30.06 per cent or Rs 398 on Wednesday.
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If we talk about the international market, then the price of gold has registered an increase on Wednesday. According to Bloomberg, the global spot price of gold was trading up 0.58 per cent, or $ 9.80, at $ 1,696 an ounce on Wednesday evening. Apart from this, the global futures price of gold was trading at 1.17 per cent or $ 1714.80 an ounce on the Comex on Wednesday evening. At the same time, when talking about the spot price of silver globally, it was trending at $ 14.88 an ounce on Wednesday evening, down 0.07 percent or $ 0.01.
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