New Delhi: Even today, the trend of gold and silver prices continues to fall in Indian markets. Gold futures prices have dropped for the fourth consecutive day. Today, October gold futures on MCX was down 0.3 percent at Rs 51,865 per 10 grams. In four days, the futures price of gold has fallen by about Rs 1,700 per 10 grams.

On the other hand, if we talk about silver, September silver futures on MCX fell by one per cent to Rs 66,426 per kg. Gold had lost 0.3 per cent in the previous session, while the silver futures for September had fallen by one per cent. On August 7, the price of gold has so far broken by about Rs 4,300 per 10 grams from a high of Rs 56,200. Gold prices fell today amid a stable US dollar in global markets. Today, spot gold lost 0.3 per cent to US $ 1,933.37 an ounce, while US gold futures fell 0.4 per cent to US $ 1,910.10.

Among other precious metals, silver fell 0.6 percent to $ 26.54 an ounce, while platinum fell 0.5 percent to $ 913.78. The dollar index remained steady at 93.207 against other main indices in the previous session. Investors look forward to a speech by the Federal Reserve chief Jerome Powell to Jackson Hall later this week, which will signal to him the US monetary policy.

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