New Delhi: Good news is coming for those who want to buy gold and silver, as their prices have fallen. The last trading day of last week saw a downward trend in gold, but today the strength is seen in gold. Gold, which closed at 51,319 on Friday last week, opened at Rs 51,599 per 10 grams, with a strength of Rs 280.
In the initial trade itself, there was no increase in gold and it fell below its opening price. Gold also touched a minimum level of 51,456 in a brief trading session. So far, there has been a lot of fluctuation in the prices of gold. Traders cut their deals due to weak spot demand. As a result, gold fell 0.62 percent to Rs 51,452 per 10 grams in the futures market on Friday.
At the Multi Commodity Exchange, the delivery gold contract price in the month of October stood at Rs 51,452 per 10 grams with a loss of Rs 322, ie 0.62 per cent. It traded for 12,181 lots. The contract for delivery in December of gold fell by Rs 302, ie 0.58 per cent to Rs 51,660 per 10 grams. It traded for 6,286 lots. Gold was trading at $ 1,950.20 an ounce in New York, a global market.