Gold price today trades lower at Rs 46,918; Silver drops

October gold contracts were trading flat on the MCX at rupees 46,918

Gold and silver rates in India saw a falls sharply on Thursday, tracking their international peers.

 

The price of both the precious metals had remained under pressure throughout the week.

 

October gold contracts were trading flat on the Multi-Commodity Exchange (MCX), fell 0.26 percent to rupees 46,918 for 10 grams on Thursday. In the previous session, the gold contracts closed at rupees 47,011.

 

While, Silver December futures was trading at rupees 63,936, declines 0.38 percent on September 9 as against the previous close of rupees 64,650.

 

The yellow metal rates in New Delhi and Mumbai, per 10 grams of 22-carat was selling at rupees 46,250 and rupees 46,120, respectively.

 

In the national capital, 10 grams of 24-carat gold is selling at rupees 50,450 and the price in financial hub, Mumbai is selling rupees 47,120.

 

In Chennai, the yellow metal is retailing at rupees 44,520 for 10 grams of 22-carat, and rupees 48,370 for 10 grams of 24-carat.

 

Gold price in Kolkata is rupees 46,640 and rupees 49,340 per 10 grams of 22-carat and 24-carat gold, respectively.

 

In the international market, the yellow metal prices falls near two-weeks low on Thursday as strength in the dollar and higher US Treasury yields outweighed the lift to gold from deepening worries about global economic growth.

 

Spot gold was set at USD 1,789.39 per ounce after touching its lowest level since August 26 in the last session and the US gold futures relief at 0.1 percent to USD 1,790.80.

India Scanner News Network

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