Heavy fall in gold and silver price
Heavy fall in gold and silver price
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On the first day of the week, on Monday, gold and silver futures prices are falling. The gold futures of December 5, 2019, were trending down 0.17 percent or 63 rupees on the MCX exchange at 10.35 am on Monday. Due to this fall, gold futures on December 5, 2019, remained at Rs 37,832 per ten grams.

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Along with gold, silver futures prices are also declining on Monday. On December 5, 2019, silver futures on the MCX exchange saw a fall of 0.47 percent or Rs 210 on Monday morning at 10.40 am. Due to this decline, silver futures on December 5, 2019, remained at Rs 44,270 per kg. On February 5, 2020, gold futures prices are also falling on Monday. The gold futures on February 5, 2020, was down 0.22 percent or Rs 82 to trade at Rs 37,915 per 10 grams on MCX Exchange at 10.43 am on Monday.

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Also, according to HDFC Securities on Friday last week, gold had lost Rs 102. Gold prices had closed at Rs 38,856 per 10 grams on Friday. On the other hand, silver had seen a tremendous fall of Rs 815 on Friday. Silver had closed at Rs 44,949 per kg on Friday.

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On the global level, according to Bloomberg, the spot price of gold was down by 0.03 percent on Monday to trend at $ 1461.51 an ounce. On the other hand, the spot price of silver was down by 0.31 percent at $ 16.97 an ounce. Now when it comes to crude oil, on Monday, its futures prices are falling. On Monday, December 10, 2019, the crude oil futures prices were trending down by 0.50 percent or Rs 21 on MCX exchange at 10:55 am on Monday. Due to this decline, the crude oil futures price of 18 December 2019 was at Rs 4148 per barrel.

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