Gold, silver prices today: Precious metals witness dip on MCX | Check latest rates here
India Today
On Friday, March 11, 2022, both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX). Check the latest city-wise prices here.
Both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX) on Friday, March 11, 2022.
Witnessing a marginal drop of Rs 193 or 0.36 per cent, gold futures maturing on April 5, 2022, are retailing at Rs 53,089 per 10 grams on the MCX.
Meanwhile, the rate of silver futures, maturing on May 5, 2022, stood at Rs 70,203 per kg, recording a drop of 0.43 per cent or Rs 301.
Notably, the prices of gold and silver stood at Rs 53,239 per 10 grams and Rs 70,471 per kg respectively when the market closed on March 10.
As per Reuters, gold prices were set for a second weekly gain as talks between Russia and Ukraine made little apparent progress. Although bullion saw a dip on Friday as elevated U.S. Treasury yields on the back of inflation data assuaged its safe-haven appeal.
As per the latest metal report, spot gold was down 0.2 percent at $1,992.94 per ounce. Meanwhile, U.S. gold futures were flat at $2,000.10.
In addition to this, spot silver shed 0.7 percent to $25.70 per ounce, among other metals.
