New Delhi: Gold and silver prices continue to fall. The price of equity has broken down worldwide amid increasing tension between the US and China. On Wednesday, gold and silver prices fell in another round of profit recovery.
US Customs and Border Protection officials are going to ban imports of cotton and tomato products from China’s Zhejiang region as they are allegedly employed by child laborers.
On Wednesday, gold futures fell 0.38 percent or Rs 193 to Rs 51,160 per 10 grams on MCX NSE -0.36 percent. There was a tremendous decline in silver futures. It slipped 0.77 per cent, or Rs 524, to Rs 67,790 per kg.
MCX gold opened with a negative undertaking as the entire focus shifted to central bank policies. The European central bank will complete monetary policy tomorrow and the US Fed will determine next week.
Gold prices eased today after a surge in the global market in the previous session. Gold spot fell 0.09 percent to $ 1929.7 per troy ounce. This level is 1.17 percent less than the average price of gold seen in the last 30 days. Silver prices also declined and fell 0.04 percent to $ 26.7 per troy ounce.
Apart from this, platinum prices have also come down. Platinum dropped 0.17 percent to 906.5 per troy ounce.
According to Bharat HDFC Securities, gold prices rose by Rs 122 to Rs 51,989 per 10 grams in the country’s capital on Tuesday. Silver also rose by Rs 340 to Rs 69,665 per kg.
