New Delhi: Good news for those investing in gold and silver. The domestic market has recorded a fall in gold prices for the fifth consecutive day. October futures gold fell 0.17 percent to Rs 47,810 per 10 grams on the Multi Commodity Exchange (MCX) on Thursday.

On the other hand, September futures silver prices fell 0.31 percent per kilogram. Gold has fallen to Rs 700 per 10 grams in five days. Gold fell 82 rupees, to 47,810 rupees per 10 grams on MCX Thursday. In international markets, gold fell 0.1 percent to $1,809.96 an ounce. On Thursday, September futures silver fell 209 rupees, to 67,392 rupees per kilo on MCX. In international markets, silver was flat at $25.34 an ounce. Silver fell today after reaching a three-week high in the last trading session.

According to experts, global gold rates have fallen after the dollar strengthened and a top US Federal Reserve official's remarks indicated the possibility of tightening policy, affecting gold.

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