Gold futures show volatility, international market continues to rise

On Thursday, during the trading time, there has been a phase of fluctuations in the prices of gold futures. On Thursday evening of April 3, 2020, the futures price of gold was rising by 0.72% or Rs 303 to Rs 42,520 per 10 grams on the MCX exchange. The futures price of gold on June 5, 2020 fell by 0.27%, or Rs 115, on Thursday evening at Rs 42,721 per 10 grams.

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Due to the outbreak of Coronavirus, the entire lockdown of the country is going on for 21 days from Wednesday. Due to this lockdown, all industrial and business activities, except essential services, have come to a standstill. Spot gold markets were also closed on Thursday due to the lockdown across the country. To prevent the spread of the coronavirus (Covid-19), it is necessary to break its chain of infection, for which the central and state governments have announced a lockdown.

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In the international market, the global spot gold rose 0.20% or $ 3.25 to $ 1,620.15 an ounce on Thursday evening and the global spot silver rose 0.02% to $ 14.48 an ounce. Talking about the prices of silver in the futures market, it was seen declining on Thursday evening. Silver futures of May 5, 2020 on MCX were seen trending at Rs 41,333 per kg, falling by 0.89% or Rs 373 on Thursday evening.

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