Business News Desk – After two days of good rise, the prices of gold and silver have fallen on Tuesday (September 17). Both gold and silver were trading with a decline in the futures market. Gold futures were trading at Rs 73,387 per 10 grams with a decline of Rs 109. Yesterday it closed at Rs 73,496. During this, silver was being recorded at Rs 89,449 per kg with a decline of Rs 160. Yesterday it closed at Rs 89,609. In the bullion market, gold was running at Rs 74500 per 10 grams and silver at around Rs 87400 per kg. Silver coin was running at the price of Rs 950 per piece.
In the international market, investors appeared a bit cautious ahead of the US Fed meeting. However, yesterday gold touched a new all-time high above $2590, while silver remained flat at a 2-month high above $31. Spot gold was trading at $2,581.68 an ounce in the international market. US gold futures were also around $2,608.60. Regarding the Fed meeting, 66% of experts expect a rate cut of 50 basis points. On Friday it was at 43%.
Gold softens in the international market, silver shines
In the international market, gold futures prices softened after a strong opening today, while silver futures prices rose after a sluggish opening. Gold opened at $ 2,609.80 an ounce on Comex. Its previous close was $ 2,608.90 an ounce. At the time of writing the news, it was trading down by $ 3.10 at $ 2,605.80 an ounce. Silver futures opened at $ 31.07 on Comex; its previous close was $ 31.13. At the time of writing the news, it was trading up by $ 0.02 at $ 31.15 an ounce.
