Silver futures fell by Rs 35 to Rs 94,222 per kg for March delivery on MCX.
Gold is constantly making new records. The price of gold reached a new height of fresh on Tuesday. Gold prices continued to rise in the fifth consecutive season in the national capital Delhi and it rose by Rs 500 to a new summit of Rs 85,800 per 10 grams. According to PTI news, gold with 99.9 percent purity closed at Rs 85,300 per 10 grams in the last session. In the last session, this precious metal with 99.9 percent purity closed at Rs 85,300 per 10 grams.
Softness in silver price
According to the news, the silver prices broke down by five days and the closed level fell by Rs 500 to Rs 95,500 per kg against Monday’s closed level of Rs 96,000 per kg. Gold has increased by Rs 79,390 per 10 grams to Rs 6,410 or 8.07 percent to Rs 85,800 per 10 grams on 1 January this year. Gold with 99.5 percent purity also rose in the fifth consecutive session and rose by Rs 500 to Rs 85,400 per 10 grams on Tuesday.
Gold futures
In futures trading, gold prices fell by Rs 208 or 0.25 percent to Rs 83,075 per 10 grams on Tuesday for April delivery on MCX. Jatin Trivedi, VP of Commodity and currency in LKP Securities, said that the positive rise of gold on MCX declined slightly and it reached close to Rs 83,000. This weakness came due to the emphasis of tariff discussions between the US, Canada and Mexico.
Silver futures
Silver futures for March delivery on Multi Commodity Exchange (MCX) also fell by Rs 35 to Rs 94,222 per kg. Comex silver futures in the Asian market declined 0.71 percent to 32. 20 per ounce. Comex Gold futures fell at $ 17 an ounce or 0 60 percent to $ 2,840 an ounce for April delivery. On Monday, yellow metal futures reached a new level of $ 2,872 an ounce. According to Chintan Mehta, Chief Executive Officer of Abance Holdings, gold reached a record high on Monday amid fears of global trade war, attracting investors towards safe-hevan metal at high premiums.
Latest business news
