Gold and silver futures price fall again

Oct 15 2020 11:12 AM
Gold and silver futures price fall again

New Delhi: Gold and silver prices have come down in domestic markets today. December gold futures on MCX declined by 0.4 percent to Rs 50,360 per 10 grams. Precious metal prices have fallen for the second time in three days. On the other hand, December silver futures fell 0.9 percent to Rs 61,064 per kg. In the previous session, gold had gained 0.5 percent, while silver had gained 1.6 percent.

In international markets, today gold prices have fallen. Gold prices were affected by the stable US dollar. Spot gold lost 0.4 percent to $ 1,893.17 an ounce. Among other precious metals, silver fell one percent to $ 24.05 an ounce, while platinum declined 0.3 percent to $ 854.59 an ounce.

The dollar index reached 93.435. It was supported by rising cases of corona infection and sentiments were also affected by the uncertainties of the US stimulus package. US Treasury Secretary Steven Menuchin said it would be difficult to deal with fiscal stimulus before next month's election. It weighs on other equities.

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