On Thursday, gold fell 0.90 per cent, or Rs 445, to Rs 48,860 per ten gram in MCX, while silver fell by 1.18 per cent, ie Rs 779, to Rs 65,242 per kg.
Meanwhile, in the US, President (elected) Joe Biden has started pressuring the Parliament to approve the funding package for Kovid. Healthcare and infrastructure sectors will be the priority of the government. Therefore, in the coming days, the price of gold and silver may fall in the global market.
Gold and silver fall in MCX
On Thursday, gold fell 0.90 per cent, or Rs 445, to Rs 48,860 per ten gram in MCX, while silver fell by 1.18 per cent, ie Rs 779, to Rs 65,242 per kg. Gold spot in Ahmedabad fell by Rs 203 to Rs 49,285 per ten grams, while Gold Future sold at Rs 48,915 per ten grams. On Wednesday, spot gold fell by Rs 108 to Rs 48,877 per ten grams in the Delhi market. At the same time, the price of silver was increased by Rs 144 and it sold at Rs 65,351 per kg.
Holding of largest gold ETF decreased
Spot gold prices rose 0.3 per cent to $ 1848.07 an ounce in the global market. US Gold Future prices reached $ 1847.70 an ounce. Meanwhile, the world’s largest gold ETF SPDR Gold Trust’s holding fell 0.9 per cent to 1171.21 tonnes. While the price of silver climbed 0.8 to reach $ 25.34 an ounce.
Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.