On Monday, gold and silver prices are falling drastically on the Multi Commodity Exchange. December futures on MCX were trading down by 0.9 per cent at 50,130 per 10 grams, while silver futures were down 0.88 per cent at 60,605 per kg. In the previous session, gold prices on the MCX had increased by 0.4 per cent, while silver had jumped about 1.6 per cent.
Gold and silver shine increased last week
Globally, the strength of the precious metals rebounded on the domestic market as well, leading to a weekly gain of over Rs 1,200 per ten grams in gold and over Rs 2,100 per kg in silver. In the international market, the spot gold rose by $ 38.55 to $ 1899.85 an ounce in the reporting period. December US gold futures also strengthened by $ 37.80 to $ 1904.10 an ounce during this period. During this period, silver spot gained $ 0.79 to $ 23.73 an ounce.
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Domestic futures market Multi Commodity Exchange (MCX) shone by Rs 1226 during the week, gold futures reached 50, Rs 570 per 10 grams. Similarly, the gold mini rose by Rs 1318 to Rs 50659 per ten gram. During the period under review, silver rose by Rs 2118 to Rs 61145 per kg and silver Mini rose by Rs 1895 to Rs 59045 per kg.