Gold Price in India: Domestic gold futures registered a volatile session on Friday, March 5, as gold prices dropped by Rs 522 to Rs 43,887 per 10 grams in the national capital, tracking weaker trend in the international markets, according to HDFC Securities. Silver rates also plunged by Rs 1,822 to Rs 64,805 per kg, compared with the previous close of Rs 66,627per kg. Multi Commodity Exchange (MCX) gold futures, due for delivery tomorrow, i.e., April 5, was last seen trading 0.15 per cent higher at Rs 44,607, having swung between Rs 44,2017 and Rs 44,649 during the session compared to their previous close of Rs 44,541. Silver futures were trading lower by 1.44 per cent at Rs 64,530. (Also Read: Sovereign Gold Bonds Subscription For 12th Trance Ends Today: All You Need To Know )
#Gold and #Silver Closing #Rates for 05/03/2021#IBJApic.twitter.com/OAq3GjmTVk
— IBJA (@IBJA1919) March 5, 2021
Domestic spot gold closed at Rs 44,516 per 10 grams on Friday, and silver at Rs 65,128 per kilogram – both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA).
“Spot prices for 24 karat gold at Delhi fell by Rs 522 in COMEX (New York-based commodities exchange) gold prices,” said Tapan Patel, Senior Analyst (Commodities), HDFC Securities.
In the international market, gold was trading lower at $1,696 per ounce and silver was down at $ 25.20 an ounce.