Gold and silver prices have fallen for the second consecutive day in Indian markets. Today on October gold futures on MCX was down by Rs 300 to Rs 52,320 per ten grams. If we talk about silver, its futures price was down 0.8 percent at Rs 67,440 per kg.
In the previous session, gold had fallen by 1.8 per cent, ie Rs 950 per ten grams, while silver had fallen by 2 per cent, ie Rs 1,400 per kg. After reaching a high level of 56,191 per ten grams, gold prices in the body have become unstable.
This is the price in international markets
In international markets, the recovery in gold rate today was seen after falling more than 3.5 percent in the previous session. Today, spot gold was up 0.5 percent at $ 1,940 an ounce. Among other precious metals, silver rose 0.8 percent to $ 26.94 an ounce, while platinum rose 0.3 percent to $ 934.01. Due to the high dollar, the rise in the price of gold was limited today. This has made precious metals expensive for holders of other currencies. Today, the dollar has risen 0.2 percent against its rivals. Many analysts still believe that the rise in gold prices will continue. In global markets, gold has increased by 27 percent this year. On August 7, spot gold reached a high of $ 2,075.47 due to the weakening of the dollar and the real interest rate falling below zero.
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