Gold and Silver falls amidst weak global cues

The yellow prices were trading lower in India on Tuesday, following the international trends

The precious metals rates were trading lower in India on Tuesday amidst the weak international cues.

 

Gold December futures on Multi Commodity Exchange (MCX) were trading rupees 80 or 0.16 percent down at rupees 48,140 per 10 gram. In the previous session, gold futures ended at rupees 48,200 per 10 grams.

 

While, on MCX the silver December futures were ruling at rupees 65,960 per kilogram, down rupees 180 or 0.27 percent, as against the previous close of rupees 66,139.

 

In Delhi, the yellow metal is retailing at rupees 47,010 per 10 grams of 22-carat gold and rupees 51,260 per 10 grams of 24-carat gold.

 

In the financial hub of the country, Mumbai, gold rates stands at rupees 46,6 770 per 10 grams of 22-carat and rupees 47,770 per 10 grams of 24-carat.

 

In Kolkata and Chennai, 10 grams of 22-carat gold retails at rupees 47,410 and rupees 45,380, respectively.

 

In Chennai, 10 grams of 24-carat gold retails at rupees 49,510 and in Kolkata 10 grams of 24-carat stands at rupees 50,110.

 

In the global market, the yellow metal prices were down against a firmer US dollar. While Spot gold fell by 0.1 percent to USD 1,805 per ounce and the US gold futures was down at USD 1,806.

India Scanner News Network

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