Gold prices fall by one percent, silver becomes cheaper by Rs 1000

Dec 07 2019 11:07 AM
Gold prices fall by one percent, silver becomes cheaper by Rs 1000

MUMBAI: Due to weak signals from the foreign market, the domestic futures market has recorded one percent fall in gold on Friday, while silver has fallen by more than two percent. Silver has fallen over Rs 1,000 per kg. On the Multi Commodity Exchange (MCX), the February 2020 futures contract of gold was trading at around 9.30 pm with a weakness of Rs 379, or one per cent, from the previous session at Rs 37,706 per 10 grams, compared to the previous gold price during the trading session. 37,680 per 10 grams was broken.

At the same time, silver was trading at Rs 43,651 per kg, down by Rs 959, or 2.15 percent in the March 2020 contract, while silver fell by Rs 43,470 per kg during trading. On the international futures market Comex gold was trading at $ 1,465.05 an ounce, with a weakness of $ 18.35, or 1.22 percent, in February contract, while silver was trading 2.56 percent down at $ 16.62 an ounce in March contract.

For information, let us tell you that the prices of expensive metals have come down in the US after the employment figures in November are better than expected.

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