Gold and Silver Prices Experience a Downturn
International Market Opening: A dip in gold prices and a slight rise in silver prices were observed as the international markets opened. However, prices later started to decline.
Gold-Silver Price Overview
Today, gold and silver contract prices are witnessing a downturn. While silver contract prices opened with a drop, gold contract prices opened at the previous closing rate. Silver contracts are trading at around INR 70,800, and gold contracts are trading near INR 59,000.
In international markets, a softening trend in gold and silver prices is also being observed.
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Gold Contracts See a Decline
Gold contract prices are experiencing a downturn today. On the Multi Commodity Exchange (MCX), the December contract for gold opened at INR 59,166, which was the same as the previous closing price. At the time of writing, this contract was trading at INR 59,093, marking a decrease of INR 73. During the day, it reached a high of INR 59,166 and a low of INR 59,000. In May, gold contract prices reached a peak of INR 61,845 per 10 grams.
Silver Contracts Dip Slightly
Silver contract prices are slightly down today. On MCX, the benchmark December contract for silver opened at INR 70,600, with a decrease of INR 437. At the time of writing, this contract was trading at INR 70,854, indicating a rise of INR 183. During the day, it reached a high of INR 70,881 and a low of INR 70,600 per kilogram.
International Markets Witness Softening in Gold and Silver
In international markets, gold contract prices opened with a decline, while silver prices opened with a slight increase. However, prices later started to decrease. On the Comex market, gold opened at $1933.30 per ounce, with the previous closing price at $1934.30. At the time of writing, it was trading at $1928.90, marking a decrease of $5.40 per ounce. The Comex silver contract opened at $22.78, with the previous closing price at $22.76. At the time of writing, it was trading at $22.66, indicating a decrease of $0.10 per ounce.
These price fluctuations are influenced by various factors, including international demand, supply, and currency exchange rates, and can change rapidly.
Please note that gold and silver prices can be subject to volatility, so it’s important to stay updated on the latest market developments.