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.
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