The futures market is witnessing a fall in gold prices on Tuesday. This decline in gold is being seen due to the strengthening of the Indian rupee against the dollar. On Tuesday, at 11:25 am on the MCX exchange, gold futures of April 3, 2020, were seen to fall by 0.46% or Rs 188. Apart from this fall, gold futures of April 3, 2020, was trending on Rs 40,556 per ten gram. On the other hand, talking about the futures price of gold on June 5, 2020, it is also seen declining on Tuesday.
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The gold was seen to fall by 0.51% or Rs 207 at 11.35 am on Tuesday. It was trending at Rs 40,731 per 10 grams. Where gold futures prices are seen falling on Tuesday, then silver futures are seeing an increase. On the same MCX exchange, the futures price of silver on March 5, 2020, was trading up 0.02% or Rs 10 on Tuesday at 11.37 am.
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With this increase, the silver futures for March 5, 2020, remained at Rs 45,900 per kg. As per the global level, according to Bloomberg, spot gold fell by 0.30% or $ 4.71 to $ 1,572.02 an ounce on Tuesday. In addition, silver was trading at $ 17.71 an ounce, up 0.14% or $ 0.02. Talking about crude oil, the crude oil futures price of 19 February 2020 on MCX exchange was down 0.33% or Rs 12 to Rs 3,614 per barrel on Tuesday at 11:41 am.
