There has been a significant decline in the futures price of gold and silver on Wednesday as well. On Wednesday, 11 December at 6 minutes on the MCX exchange, gold futures of December 5, 2019, were seen dropping by 0.18 percent or 69 rupees. Due to this decline, gold futures were trending at Rs 37,649 per ten grams on December 5, 2019. On the one hand, silver futures prices are also falling on Wednesday. On December 10, 2019, the silver futures on the MCX exchange were trending down at 0.44 percent or Rs 196 on Wednesday morning at 11 am. Due to this decline, silver futures on December 5, 2019, remained at Rs 44,239 per kg.

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On one hand, the futures price of gold on February 5, 2020, is also seen decreasing on Wednesday. On Wednesday, 11 am, 13 minutes on the MCX exchange, gold futures on February 5, 2020, was down by 0.19 percent or 73 rupees to trade at Rs 37,720 per 10 grams. Significantly, according to HDFC Securities on Tuesday, gold had lost Rs 68. On Tuesday, gold had closed at Rs 38,547 per 10 grams. On the other hand, silver fell by Rs 39 on Tuesday. The precious metal had closed at Rs 45,161 per kg on Tuesday.

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On the global level, according to Bloomberg, on Wednesday, the spot price of gold was down by 0.20 percent to trade at $ 1458.43 an ounce. On one hand, the spot price of silver was down by 0.36 percent at $ 17.02 an ounce. If we look at crude oil, then there is a slight increase in its futures price on Wednesday. On Wednesday, 11 December 18 on the MCX exchange, the crude oil futures price of 18 December 2019 was trending by 0.10 percent or 4 rupees. With this fast, the crude oil futures price of 18 December 2019 was at Rs 4167 per barrel.

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