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Gold, Sliver prices tumble

Spot prices of gold and silver declined on Thursday. According to HDFC Securities, the price of gold declined by Rs 322 per 10 grams. Due to this, the price of gold was reduced to Rs 47,135 per 10 grams. In this way, the price of gold fell for the fourth consecutive day. In the previous session, gold was at Rs 47,457 per 10 grams. According to securities, the price of silver declined by Rs 972 per kg. The price of silver was reduced to Rs 67,170 per kg. In the previous session, silver was priced at Rs 68,142 per kg.

HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “The fall in the price of gold and the rupee globally led to a decline in the spot price of 24 karat gold by Rs 322 per 10 grams in Delhi.” Gold prices fell for the fourth consecutive day.

The rupee rose six paise to 72.90 against the US dollar in the currency market.

Talking about the global market, the price of gold was declining at $ 1,825 an ounce. Silver, on the other hand, remained flat at $ 26.61 an ounce.

Gold Futures Price February 4

On the Multi Commodity Exchange (MCX), the futures price of gold delivered in February was trending at Rs 47,340 per 10 grams, falling by Rs 410, or 0.86 per cent. It traded for 31 lots. On the other hand, in April, the rate of delivery gold was falling by Rs 461, ie 0.96 per cent, to trend at Rs 47,355 per 10 grams. It traded for 13,643 lots.

While, silver for delivery in March was down by Rs 1,136, or 1.66 per cent, to Rs 67,429 per kg on the Multi Commodity Exchange. It traded for 12,856 lots.

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