Golden opportunity to by Gold-Silver, prices dropped sharply

New Delhi: Today is a golden opportunity for those investing in gold and silver. Indian markets on Thursday recorded a sharp fall in gold and silver prices. The fall in international prices has also had an impact on the domestic market. October futures gold fell 0.75 per cent per 10 grams on the Multi Commodity Exchange (MCX). Silver fell more than gold. December futures silver prices fell more than 1 per cent. Gold closed flat in the previous session while silver gained 1.2 per cent.

Gold prices fell today after a two-day meeting of the US Federal Reserve that ended on Wednesday. Spot gold was at $1,762.33 an ounce with a deficiency of 0.3 per cent. The dollar index remained near a month-high, reducing gold appeals. Today, due to a fall in international prices, October futures gold fell 349 rupees, or 0.75 per cent, to 46,323 rupees per 10 grams on MCX.

At the same time, silver, like gold, has also registered a decline. Silver fell 632 rupees, or 1.03 per cent, to 60,548 rupees per kilo in December futures. Silver fell 0.3 per cent to $22.60 an ounce in international markets.

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