New Delhi: Gold and silver prices fell on Friday after the disclosure of its monetary policy by the European Central Bank. Investors are now waiting for GDP data and US inflation data to take a decision about gold in the global market. On Friday, the price of gold futures in MCX has come down by 0.85 per cent i.e. Rs 439 to Rs 51,335 per ten grams. At the same time, silver futures have fallen by 1.45 per cent i.e. Rs 999 and it has reached Rs 67,992 per kg.
Earlier on Thursday, gold rose by Rs 287 to reach Rs 52,391 per ten grams in Delhi market. At the same time, silver was trading at Rs 69,950 per kg with an increase of Rs 875. In Ahmedabad, the price of gold spot was recorded at Rs 51,416 and gold futures at Rs 51280 per ten grams. Gold prices fell on Friday in the global market. Due to the fall in the price of the dollar, its prices had increased in the last trading session. However, due to weak signs of recovery in the global economy, the price of gold has also increased.
On Friday, gold spot prices fell 0.3 per cent to USD 1,947.41 an ounce, while on Thursday it had increased by 0.8 per cent. At the same time, the price of silver fell 0.3 percent to $ 26.84 an ounce. The dollar index has been falling for the last four weeks. It is making it cheaper for those who buy gold through another currency.
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