The precious metal became cheaper on the second day as well
Despite the revival in the global market, gold fell by Rs 145 per 10 grams and silver by Rs 609 per kg in the domestic bullion market today to become cheaper for the second consecutive day due to slipping demand at the local level.
Internationally, spot gold rose 0.43 per cent to USD 1750.01 an ounce. However, US gold futures remained flat at $ 1747.70 an ounce. Similarly, silver spot was up by 0.15 per cent at $22.52 an ounce.
The effect of the rise in precious metals globally was not seen in the country’s largest futures market MCX. During this, gold became cheaper by Rs 145 to Rs 45911 per ten grams and gold mini fell by Rs 141 to Rs 45942 per ten grams. Along with this, silver fell by Rs 609 to Rs 60180 per kg and silver mini fell by Rs 568 to Rs 60441 per kg.
