New Delhi: In the previous few weeks, gold costs are on the rise. But on Thursday, gold costs nosedived and misplaced the 49,000 mark. On Multi Commodity Exchange (MCX), gold futures for June month are buying and selling at Rs 400 decrease at round Rs 48780 per 10 gram.
Gold costs this week (May 24-27)
Day           Gold (MCX June futures)
Monday: Â Â Â Â Â Â Â Â Rs 48553/10 grams
Tuesday: Â Â Â Â Â Â Â Â Rs 48867/10 grams
Wednesday: Â Â Â Â Â Â Rs 48784/10 grams
Thursday:Â Â Â Â Â Â Â Â Rs 48780/10 grams (Currently buying and selling)Â
Gold costs final week
Monday: Â Â Â Â Â Â Â Â Rs 48474/10 grams
Tuesday:Â Â Â Â Â Â Â Â Rs 48307/10 grams
Wednesday: Â Â Â Â Â Rs 48674/10 grams
Thursday: Â Â Â Â Â Â Â Â Rs 48544/10 grams
Friday: Â Â Â Â Â Â Â Â Rs 48404/10 grams
Gold cheaper by Rs 7400 from file highs
Covid-19 pandemic fueled inventory market crash final yr catapulted traders to safer funding choices corresponding to treasured metals. May shares had hit their 52-week lows at that time. As a outcome, the costs of treasured metals touched newer highs.Â
For occasion, gold futures at that time have been buying and selling at Rs 56,191 per 10 grams. However, with inventory markets regaining the belief and focus of traders, gold costs nosedives. Currently, gold is buying and selling at round 28,750 per 10 grams, which is Rs 7500 decrease than its file excessive.Â
MCX Silver: Silver June futures plummeted yesterday and closed at Rs 71,390 per Kg. Even at present (May 27) silver futures are buying and selling a low charges than yesterday. Currently, silver futures for the June month are buying and selling at Rs 71,300 per Kg. The charges are nonetheless Rs 8,680 lower than its file costs of Rs 79,980 per kg.
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