Gold Futures Slips Below Rs 47,500/10 Grams, Silver Below Rs 71,500/Kilogram
Prices of precious metals (gold and silver) declined on Wednesday on the back of weak global cues ahead of US consumer price data due later in the day.
Updated: May 12, 2021 11:08 am IST
In the international market, spot gold was down 0.6% at $1,826.89 per ounce by 8:43 am.
Gold, Silver Price Today: Prices of precious metals (gold and silver) declined on Wednesday on the back of weak global cues ahead of US consumer price data due later in the day. Gold futures on Multi Commodity Exchange (MCX) fell as much as 0.35 per cent to hit an intraday low of Rs 47,465. In spot market, 24 carat gold also known as fine gold was sold at Rs 47,790 per 10 grams, according to India Bullion and Jewellers Association (IBJA). Likewise, 22 carat gold was sold at Rs 46,160 per 10 grams, 18 carat gold was priced at Rs 38,230 and 14 carat gold was sold at Rs 31,780 per 10 grams in the spot market.