On Tuesday, gold and silver futures prices have seen a significant decline due to the strengthening of the rupee due to the fall in crude oil prices by more than one percent. On Tuesday, 11:33 on the MCX exchange, the gold futures of February 5, 2020 was seen dropping by 0.34 per cent or Rs 138. The same was trending on February 5, 2020 gold futures price of Rs 40,334 per ten grams.

On the one hand, if we talk about the futures price of gold on April 3, 2020, it was seen dropping by 0.15 percent or 63 rupees on Tuesday at 11.37 am. Due to this decline, the futures price of gold on April 3, 2020 was trending at Rs 40,616 per 10 grams, besides the futures prices of silver along with gold are also seen on Tuesday. On March 5, 2020, the futures price of silver on the MCX exchange was seen to fall by 0.01 percent or Rs 7 at 11.38 minutes.

Due to this fall, the futures price of silver remained at Rs 47,539 per kg on March 5, 2020. Internationally, according to Bloomberg, gold was trading at $ 1,565.42 an ounce, down 0.02 percent or $ 0.32 on Tuesday. At the same time, silver was trading at $ 18.17 an ounce, up 0.09 percent or $ 0.02. Talking about crude oil, it was witnessing a rapid rise since last Friday, but today the price drop is seen. Crude oil futures on the MCX exchange fell 0.86 per cent, or Rs 39, to Rs 4499 per barrel on Tuesday at 11.53 pm.

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