MCX gold futures for June expiry is down 0.23 per cent for 10 gram to 71,337.00 while MCX silver futures for July contract is down 82,288.00 for 1 kg.
Prices of precious metals slipped during early hours of trade on Monday (April 29). MCX gold futures for June expiry is down 0.23 per cent for 10 gram to 71,337.00 while MCX silver futures for July contract is down 82,288.00 for 1 kg.
As per the Goodsreturn website, the price of gold stands at Rs 6,655 per gram for 22 karat gold and Rs 7,260 per gram for 24 karat gold (also called 999 gold).
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In the international arena, gold prices also witnessed a downside as a steady US dollar made bullion less affordable. Investors, on the other hand, awaited further clues on when the US Federal Reserve would deliver its first interest rate cut.
Spot gold fell 0.35 per cent to $2,339.10 per ounce. US gold futures were down 0.3 per cent at $2,339.70 per ounce.
The dollar edged up 0.1 per cent against its rival currencies, thus pushing the greenback in upward trajectory. A stronger dollar makes greenback-priced gold more expensive for buyers holding other currencies.
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First uploaded on: 29-04-2024 at 12:45 IST