Gold and silver prices fell on Thursday. The price of gold has fallen by Rs 157 in the national capital on Thursday. With this decline, the price of gold has come down to Rs 44,250 per 10 grams. According to HDFC Securities, this decline in price has been recorded due to the stability in gold demand. Significantly, gold had closed at Rs 44,407 per 10 gram on Wednesday in the previous session.
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Like gold, the price of silver has also declined on Thursday. Silver has lost Rs 99 on Thursday. Silver has come down to Rs 47,517 per kg due to this fall in prices. Significantly, silver had closed at Rs 47,616 per kg on Wednesday in the previous session. The spot price of 24 carat gold in Delhi has also declined by Rs 157 on Thursday. HDFC Senior Analyst (Commodity) Tapan Patel said that the rupee had seen fluctuations throughout the day on Thursday. The Indian rupee was trading nearly 7 paise down at 73.44 against a dollar on Thursday.
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On the other hand, on the international level, there was a slight rise in gold on Thursday. It was also trending at $ 1,640 an ounce. The global price of silver remained stable. It was trending at around $ 17.17 an ounce. In terms of the broader market, on Thursday evening, the gold futures of April 3, 2020, fell by 0.25% or Rs 110 to Rs 43,459 per 10 grams on the MCX exchange. When talking about the futures price of gold on June 5, 2020, it was trending at Rs 43,714 per 10 grams, falling by 0.21% or Rs 93.
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