There was a big fall in the prices of gold and silver, after Akshaya Tritiya, 5,175 pieces of silver broke on MCX, gold fell by Rs 1,310 to Rs 1,53,299 per 10 grams.
Delhi. Gold prices declined by Rs 1,310 to Rs 1,53,299 per 10 grams in futures trade on Monday due to weak spot demand. On the Multi Commodity Exchange (MCX), the gold contract for June delivery was trading at Rs 1,53,299 per 10 grams, down by Rs 1,310, or 0.85 per cent.
A total of 1,119 lots were traded during this period. According to analysts, weak signals from global markets have affected domestic prices. Softening of demand in the spot market was also the main reason for the decline. Internationally, gold futures fell 0.87 per cent to US $ 4,788.31 an ounce in New York.
Big fall of silver by Rs 5,175 per kg
On Monday, silver futures price fell by Rs 5,175 to Rs 2,51,967 per kg due to reducing deals by speculators. On the Multi-Commodity Exchange (MCX), silver contracts for May delivery were trading Rs 5,175, or 2.01 per cent, lower at Rs 2,51,967 per kg.
A total of 1,505 lots were traded during this period. According to analysts, silver prices fell due to profit-booking by investors and reducing their trades. Internationally, silver was trading 1.54 per cent lower at $79.64 an ounce in New York.
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