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The April gold futures were trading at Rs 61,954 per 10 grams on the MCX at 11.30 am and were down by Rs 50 or 0.08% from Monday s closing price. Meanwhile, the March Silver futures were trading at Rs 71,130 per kg and were lower by Rs 176 or 0.25% around this time. ....
The biggest fall has been witnessed on Wednesday, when prices have fallen by 1 per cent as the international prices of the yellow metal has fallen below $2000 per ounce due to stronger than expected US inflation report that reduced the prospects of an early interest rate cut by the Federal Reserve. The price fall continued on Thursday and Friday too with prices falling further to Rs 61,300 per 10 gm on MCX. ....
Gold prices fell Rs 150 to Rs 63,200 per 10 grams in the national capital on Tuesday amid bearish cues from the overseas markets, according to HDFC Securities. The precious metal had closed at Rs 63,350 per 10 grams in the previous close. ....