Gold, silver costs fall on weak worldwide cues; examine MCX gold, silver, COMEX buying and selling methods
Gold costs had been buying and selling flat to destructive on Tuesday, following worldwide costs as a stronger greenback and feedback from US Fed Chairman Jerome Powell on the financial system weighed on yellow steel’s safe-haven enchantment. MCX gold June futures had been buying and selling Rs 34 down at Rs 47,285 per 10 gram, in opposition to the earlier shut of Rs 47,319. Silver July futures had been ruling at Rs 70,738 per kg, down Rs 162 or 0.23 per cent. In the earlier session, silver futures ended at Rs 70,900 per kg. Globally, spot gold was down 0.2 per cent at $1,789.02 per ounce. The steel touched its highest since February 25, at $1,797.75 on Monday. US gold futures fell 0.2 per cent to $1,788.80 per ounce, in response to Reuters.