Gold, silver price: Precious metal rates witness a marginal dip | Check city-wise rates here
India Today
With a marginal dip, both gold and silver are trading low on the Multi Commodity Exchange (MCX). Check out city-wise gold and silver rates on Monday.
After trading on the lower side last week, gold has again witnessed a marginal dip on the Multi Commodity Exchange (MCX). The price of gold futures maturing on August 5, dropped by Rs 17 or 0.03 per cent, and currently stands at Rs 48,994 per 10 grams. The silver futures rate, maturing on July 5, also plunged by Rs 269 or 0.38 per cent on the MCX. With this, the price of silver stands at Rs 71,539 per 1kg. Earlier on Friday as well, gold futures witnessed a dip of Rs 46 or 0.09 per cent and the price stood at Rs 48,631 per 10 grams. Meanwhile, silver futures were priced at Rs 70,710 per kg, recording a marginal dip of Rs 88 or 0.12 per cent.
A look at Sensex stocks shows that IT names such as HCLTech, Tech Mahindra, and TCS were trading in the green, even as heavyweights across banking, auto, metal and consumption sectors saw sharp declines.
As of 10:26 am on MCX, gold futures were trading at Rs 1,37,307, down Rs 7,185 or 4.97%. Silver futures were at Rs 2,13,600, down Rs 13,172 or 5.81%.
The stock has seen a steep decline recently. In just two sessions, the share price fell from around Rs 843 to Rs 781 on the NSE, marking a drop of over 7%. After closing at Rs 781 on Friday, the stock is now only Rs 11 above its 52-week low of Rs 770.
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