New Delhi: Gold has started in this trading week with a lighter edge, which has turned into a downward decline. Gold closed at Rs 50,547 per 10 grams on Friday, after which gold opened at Rs 50,552 per 10 grams today with a slight edge of Rs 5. However, gold began to fall in the initial trade.
In just a few minutes of business, gold went down by Rs 50,437 per 10 grams. Gold could not go above its beginning in the initial trade. Earlier, due to weak spot demand, traders cut their deposit deals, leading to a marginal decline of 0.09% in the futures market on Friday to Rs 50,665 per 10 grams. In MCX, December gold futures declined 47 rupees, or 0.09 percent, to Rs 50,665 per 10 grams. The agreement traded for 14,585 lots.
However, gold strengthened 0.10 percent to $1,910.90 an ounce in New York. August 7, 2020, was the day when gold and silver set a new record. Both gold and silver touched their all-time highest level. On August 7, gold touched an all-time high of Rs 56,200 per 10 grams, while silver touched a level of Rs 77,840 per kilo. Gold has so far broken about Rs 5500 per gram, while silver has rolled up to Rs 15,800 per kilo.
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