Gold price slips even as dollar was stable; Silver drops

Yellow metal traded flat, stuck in a narrow range, on Monday as the dollar held stable

The gold and silver prices were struggling in Indian markets today amidst subdued global markets.


Gold October futures at Multi-Commodity Exchange fell by 1.51 percent at rupees 46,806 per 10 gram.


MCX Silver December futures falling over half a percent up to rupees 63,592 per kilogram.


Gold in Mumbai is retailing at rupees 46,070 per 10 grams of 22-carat and rupees 47,070 per 10 grams of 24-carat.


In national capital, the precious yellow metal is retailing at rupees 46,140 per 10 gram of 22-carat and rupees 50,340 per 10 grams of 24-carat.


Gold price for per 10 grams of 22-carat in Kolkata is rupees 46,440 and in Chennai is rupees 44,390.


While the 10 grams of 24-carat gold was retailing at rupees 49,140 and rupees 48,390 in Kolkata and Chennai, respectively.


As reported by Reuters, in the global market, US spot gold fell 2.1 percent at USD 1,787.40 per ounce and the US gold futures declines 0.3 percent at USD 1,786.90 even as the American Dollar remained firm.


Silver prices declines with yellow metal prices with spot silver prices at COMEX plunged by 3.93 percent to USD 23.74 per ounce for the week.

India Scanner News Network

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