In the Multi Commodity Exchange (MCX) on Wednesday, Gold prices reportedly declined by Rs.187 to Rs 42,601-per ten gram in the futures trade since the market players reduced their positions tracking a weak trend overseas.
Likewise, Silver futures too on the Exchange slipped today by Rs.486 to Rs47,081-per kg as participants trimmed their bets taking the same overseas market trends. get Mcx tips from our Experts.
Accordingly, gold prices for April delivery declined by Rs.187 or 0.44-percent to Rs.42,601 per ten gram in a business turnover of 2522 lots. The Gold Metal for June delivery slipped by Rs213, or 0.50-pc to Rs-42,790 per ten gram in 95 lots.
Silver futures slipped by Rs.486 to Rs47,081 per kilo as participants trimmed down their bets tracking weak cues from overseas markets. On the MCX, silver contracts for March delivery slipped by Rs.486, or 1.02-pc, to Rs.47,081 per kg in a business turnover of 4468 lots.
Likewise, the Silver metal to be delivered in May declined by Rs499, or 1.04-pc, to Rs 47,680 per kg in 696 lots.