Gold prices in India today fall for first time after 4 days; details inside
The Gold prices in India witnessed a fall today following a decline in global rates. On the other hand, silver prices in India also skidded.
According to Multi Commodity Exchange, the gold futures on Thursday fell by 0.32 percent to Rs 47,857 per 10 gram after a four-day rising streak.
Also Read | Delhi Police files FIR against Sapna Chaudhary; here’s why
Likewise, the silver futures declined by 1 percent to Rs 68,275 per kg.
As per the report, the gold prices in global markets eased by 0.2 percent to $1,838.41 an ounce.
Among the other precious metals, the spot silver prices shed by 0.4 percent to $26.89 while the palladium relaxed by 0.2 percent to $2,351.24.
Also Read | Farmers announce further strategy to intensify protest including Rail Roko Agitation
Gold Prices in India today
Meanwhile, the gold imports in January surged increased to 72 percent. The Gold prices in India have fallen by about Rs 8,000 from their August highs of Rs 56,200 per 10 gram.
Earlier on February 8, the gold futures had fallen by 0.12 percent to Rs 47,200 per 10 gram while the Silver futures had fallen by 0.2 percent lower to Rs 68,593 per kg.
Globally, the gold rates swung wildly this year following the movement of US bond yields and the dollar. Also, the import duty cut by the Indian government in budget 2021 has contributed to the downfall of domestic gold prices.
-PTC News
