Golden opportunity to buy gold, steep drop in prices
Golden opportunity to buy gold, steep drop in prices

New Delhi: Gold and silver domestic futures prices have fallen once again amid the era of coronavirus epidemic. Gold futures on August 5, 2020, on the MCX exchange have seen a fall of 34 rupees this morning. With this, gold is seen trending at Rs 48,100 per 10 grams.

On Thursday, the futures price of gold on October 5, 2020, has also registered a fall of Rs 68. Due to this, it was found to be trending at Rs 48,236 per ten grams. Today, in the domestic as well as international market, the fall in the futures price of gold has been recorded. With this, silver prices have also fallen in the domestic futures market today. On July 3, 2020 silver futures on MCX have fallen by Rs 156. With this, silver appeared to be trading at Rs 47,630 per kg. Due to the fall of silver by Rs 154 on September 4, 2020, it was seen trending at Rs 48,580 per kg.

The fall in the price of gold and silver in the country has come under the influence of the American market. Due to Coronavirus, the period of economic uncertainties is increasing. Due to this, high prices are being traded in the dollar. According to Reuters, gold prices may fall in the international market and it can reach the range of 1741 to $ 1750 per ounce.

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