Gold falls ₹200 to ₹79,200 per 10 gm; silver plummets ₹2,200
The Hindu
Gold and silver prices drop due to reduced demand, global factors, and market uncertainties, impacting futures trading.
Gold prices fell Rs 200 to ₹79,200 per 10 grams in the national capital on Monday (December 2, 2024) amid weak trends in the international markets, according to the All India Sarafa Association.
The yellow metal of 99.9% purity closed at ₹79,400 per 10 grams on Friday (November 29, 2024).
Silver also plummeted ₹2,200 to ₹90,000 per kg due to reduced offtake by industrial units and coin makers. It had closed at ₹92,200 per kg in the previous trading session.
The price of gold of 99.5% purity slipped ₹200 to ₹78,800 per 10 grams. The precious metal ended at ₹79,000 per 10 grams on Friday (November 29. 2024).
Meanwhile, in futures trade on the MCX, gold contracts for December delivery fell ₹478, or 0.63%, to trade at ₹75,896 per 10 grams.
Silver contracts for December delivery slumped ₹574, or 0.65%, to ₹88,307 per kg. During the day, the white metal declined ₹1,081, or 1.22%, to hit an intra-day low of ₹87,800 per kg on the Multi Commodity Exchange (MCX).
Globally, Comex gold futures fell $23.50 per ounce, or 0.88%, to $2,657.50 per ounce.
Indian markets plunged over 3% amid soaring crude prices, rupee depreciation, and escalating West Asia geopolitical tensions in March 2026.
Government launches ₹497 crore RELIEF scheme providing credit insurance to exporters affected by the West Asia crisis, focusing on MSMEs.
Crude oil futures rise amid Middle East attacks, pushing Brent above $116 on fears of tightening global supply.
West Asia conflict delays India’s FTA talks with GCC and Israel, while UK and EU agreements proceed as planned in 2024.
Russian Urals oil vessels will reach India on March 21 amid stable fuel prices and diversified LPG imports.
Warner Bros. dominated the Academy Awards, but Paramount’s looming acquisition of the studio signals the biggest restructuring of the industry in decades and a battle over the future of Hollywood itself
HDFC Bank board calls Atanu Chakraborty’s resignation baffling, affirms robust corporate governance and strong market confidence.
RNFI and Jio Payments Bank launch cardless UPI QR cash withdrawals for instant access across urban, semi-urban, and rural India.
RBI approves HDFC Bank's chairman transition plan, affirming the bank's strong financials and competent management.
Markets fall 2% as Israel attacks Iran’s South Pars gas field, pushing Brent crude above $112 and rupee below ₹93.
HDFC Bank shares drop over 4% following chairman’s ethical resignation, raising insider trading and management concerns.
Erran Berger, the Vice President of Product Engineering at LinkedIn, thinks the former type of division of labour is rapidly disappearing
India mandates oil and gas firms to share import and export data to mitigate consumer shortages amid rising global prices.