The prices of gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX) on October 5, 2021, today. Recording a downfall of 0.24 per cent or Rs 112, gold futures, maturing on December 3, 2021, stand at Rs 46,752 per 10 grams. Meanwhile, silver futures, maturing on December 3, 2021, are retailing at Rs 60,748 per kg with a dip of 0.42 per cent or Rs 256.

On Monday, gold stood at Rs 46,532 per 10 grams with a marginal hike of Rs 18 or 0.04 per cent. Silver also recorded a jump of Rs 30 or 0.05 per cent and traded at Rs 60,517 per kg. The prices of gold and silver stood at Rs 46,887 and Rs 60,593 respectively when the market closed on Monday.

Gold and Silver prices in international market:

On Tuesday, gold prices eased in the global market as the U.S. dollar edged higher. However, persisting inflation concerns kept bullion close to a more than one-week peak hit in the previous session, as per the reports.

As per the report by Reuters, spot gold fell 0.2 per cent lower to $1,765.41 per ounce and U.S. gold futures inched 0.1 per cent lower at $1,766.20. Even as the economic growth slowed down in the third quarter, new orders for U.S.-made goods accelerated in August and led to sustained strength in the manufacturing sector, according to Reuters.

A government source was quoted by Reuters as saying that India’s gold imports in September went up 658 per cent from last year’s lower base. A correction in local prices prompted jewellers to increase purchases for the upcoming festive season.

Meanwhile, spot silver fell 0.6 per cent to $ 22.52 per ounce and platinum went down 0.7 per cent to $960.81 in the international market.

Gold and Silver prices in Indian cities: