New Delhi: Gold and silver prices fell for the third week in a row. Gold and silver fell sharply in the domestic stock market on Friday due to weak economic data and a global growth crisis. The price of 10 grams of gold has gone down to below 46,000. October futures gold fell 0.29 per cent on the Multi Commodity Exchange (MCX). Silver fell 0.36 per cent per kilogram in December futures.

In the next three months, 28 per cent of urban Indians are planning to invest in gold. This indicates a renewed demand for gold in case the impact of the second wave of coronavirus is reduced. This information was given in a survey. The price of 10 grams of gold on the Multi Commodity Exchange (MCX) fell by Rs 134 to Rs 45,922 on Friday. Gold was priced at $1746.84 an ounce in international markets. On the other hand, the price of December futures silver fell 220 rupees, to 60,569 rupees per kilo on MCX. Silver was priced at $22.61 an ounce in international markets.

In 2020, the gems and jewellery industry indicated a recovery back in January-March this year due to corona restrictions. However, the second wave of epidemics stopped it. State governments are gradually relaxing movement restrictions after the second wave weakened and organized retailers are hoping that consumer demand may be better during the festive season this year.

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