New Delhi: Gold and silver prices fell sharply in Indian markets today after a surge in the last few trading sessions. On the Multi Commodity Exchange (MCX) on Wednesday, October futures Gold fell 0.57 percent after a four-day gain. While September futures Silver fell 0.70 percent.
Gold closed flat last season, while silver rose 1 percent. In global markets, gold prices have fallen today because of the rise in the U.S. dollar. Investors were also on alert ahead of the Fed's annual economic meeting at Jackson Hole and traders will see if chairperson Jerome Powell gives a timeline of incentive withdrawal.
On Wednesday, October futures gold fell 272 rupees, to 47,340 rupees per 10 grams on MCX. Silver fell 423 rupees, to 63,073 rupees per kilo in September. Gold prices may fall in the coming days, experts say, as buying continues in stock markets all over the world. In such a situation, investor trends have shifted from gold to the stock market.
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