Across the globe, in New York, gold futures fell 0.24%, lowering the price to Dollar 2,919.50 per ounce.
Gold and Silver Price Drop Amid weak spot Demand on Friday latest news: On Friday, gold prices fell as much as Rs 134 lower to close at Rs 85,900 per 10 grams due to soft spot demand. This was seen in the futures market.
On the Multi Commodity Exchange (MCX), the April delivery price fell by Rs134 or 0.16% to Rs 85,900 per 10 grams on a trading volume of 14,489 lots. The decline was due to poor global cues influencing the market mood.
Across the globe, in New York, gold futures fell 0.24%, lowering the price to Dollar 2,919.50 per ounce.
Silver Prices Also Tumble
Simultaneously, silver prices declined by Rs136 to Rs 98,005 per kilogram in the futures market on Friday as the participants scaled down their positions.
Silver prices declined by Rs136 or 0.14% to Rs 98,005 per kilogram for the May delivery contract on MCX, while trading volumes came in at 20,912 lots. The sell-off at the current levels heavily influenced the silver prices, analysts said.
Across the world, in New York, silver prices fell by 0.15%, with the price standing at Dollar 32.59 per ounce.
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