HIGHLIGHTS

• On the MCX, gold is trading at Rs 47,181 per 10 grams.
• Silver is trading at Rs 63,021 per kg on the domestic market.
• On the global front, gold prices inched lower on Thursday.

Witnessing a hike of Rs 2 or 0.00 per cent, gold futures maturing on October 5, 2021, are trading at Rs 47,181 per 10 grams on the Multi Commodity Exchange (MCX), today.

Meanwhile, recording a dip of Rs 82 or 0.13 per cent, silver futures maturing on September 3, 2021, stand at Rs 63,021 per kg.

Yesterday, both gold and silver were trading on the lower side of the MCX. While silver stood at Rs 63,001 per kg, gold was retailing at Rs 47,435 per 10 grams.

Gold and Silver prices on international market

As per Reuters, gold prices inched lower on Thursday as investors turned cautious ahead of U.S. Federal Reserve Chair Jerome Powell’s speech this week, which could provide cues to the central bank’s plans over tapering of economic stimulus.

Meanwhile, spot gold fell 0.1 per cent to $1,788.17 per ounce by 0316 GMT. Prices fell 0.7 per cent in the previous session, its biggest one-day decline in more than two weeks. U.S. gold futures were little changed at $1,789.80.

The dollar index inched higher, weighing on the greenback-denominated bullion. Lower interest rates decrease the opportunity cost of holding non-yielding gold.

Gold and Silver prices in India