HIGHLIGHTS

• Gold futures is trading at Rs 47,847 per 10 grams on the MCX.
• Silver maturing on September 3 stands at Rs 67,488 per kg.
• On the global market, spot gold fell 0.1 per cent to $1,809.96 per ounce.

After trading on the higher side for a day, both gold and silver prices have recorded a dip on the Multi Commodity Exchange (MCX), on August 5, 2021. Gold futures maturing on October 5 stand at Rs 47,847 per 10 grams on the MCX, recording a dip of Rs 35 or 0.07 per cent.

Meanwhile, silver futures maturing on September 3 stand at Rs 67,488 per kg, witnessing a dip of Rs 157 or 0.23. Yesterday, when the market closed, while silver stood at Rs 67,601 per kg, gold was at Rs 47,892 per 10 grams.

On Wednesday, gold stood at Rs 47,920 per 10 grams on the MCX, witnessing a hike of Rs 64 or 0.13 per cent. Silver was trading at Rs 68,000 per kg with a hike of Rs 212 or 0.31 per cent.

Gold and Silver prices on international market:

As per Reuters, gold prices eased on Thursday as the dollar held firm after remarks from a top U.S. Federal Reserve official signalled the possibility of bringing forward policy tightening.

Spot gold fell 0.1 per cent to $1,809.96 per ounce by 0255 GMT, while U.S. gold futures were down 0.1 per cent at $1,812.80. Elsewhere, silver was little changed at $25.34 per ounce, having hit a near three-week peak on Wednesday.

The report suggested that gold pared most overnight gains following Fed Vice Chair Richard Clarida’s remarks that conditions for raising interest rates could be met by the end of 2022.

The dollar index firmed on the hawkish comments, making gold more expensive for holders of other currencies.

Gold and Silver prices in major cities of India