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Once again, both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX) on Wednesday. Witnessing a downfall of 0.24 per cent or Rs 114, gold futures maturing on December 3, 2021, stand at Rs 46,674 per 10 grams.

Meanwhile, recording a dip of 0.40 per cent or Rs 266, the rate of silver futures, maturing on December 3, 2021, stands at Rs 60,726 per kg.

On Tuesday, gold futures, maturing on December 3, 2021, stood at Rs 46,752 per 10 grams. Meanwhile, silver futures, maturing on December 3, 2021, were retailing at Rs 60,748 per kg with a dip of 0.42 per cent or Rs 256.

Gold and Silver prices in international market:

Globally, gold prices inched lower on Wednesday and the dollar index remained firm, reported news agency Reuters. A rise in U.S. Treasury yields weighed on the precious metal’s appeal and investors have shifted their focus on U.S. non-farm payrolls data due later this week, as per the report.

Meanwhile, spot gold fell 0.1 per cent to $1,758.06 per ounce and U.S. gold futures also traded on the lower side and went down 0.1 per cent at $1,758.40. The dollar index inched higher, close to its highs for the year and dented gold’s appeal.

On Friday, U.S. payrolls data might show that 488,000 jobs were added in September and it would play a key role in the Federal Reserve’s timeline for tapering economic support.

A survey by the Institute for Supply Management showed that in September, U.S. service industry activity went up a little but the growth remains subdued due to continuous shortage of inputs and the resulting high prices.

On the other hand, spot silver fell 0.4 per cent to $22.57 per ounce and platinum eased 0.2% to $960.11 on the global front.

CITYGOLD (per 10 grams,22 carats)SILVER (per kg)
NEW DELHIRs 45,900Rs 60,600
CHENNAIRs 44,050Rs 64,800
MUMBAIRs 45,680Rs 60,600
KOLKATARs 46,150Rs 60,600

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India today

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