Gold, silver prices today: Rates fall on low demand3 min read 01 Jun 2023, 04:08 PM IST
Led by a reduction in position of market investor in the gold market, gold prices fell by ₹427 to ₹59,771 per 10 grams in futures trade on Thursday. Similarly, silver futures on Thursday dropped by ₹766 to ₹71,336 per kilogram
Amid a reduction in demand among gold investors, prices of the yellow metal fell by ₹427 to ₹59,771 per 10 grams in futures trade on Thursday.
On the other hand, Silver rate traded under pressure in the early morning sessions. The white metal opened lower at ₹71,857 per kg levels and hit intraday low of ₹71,711 on MCX. In the international market, silver price today is around $23.50 per ounce.
Fall in the gold, silver price is the result of an early approval of the US debt ceiling resolution by the US House of Representatives. The resolution was announced five days prior to the deadline.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
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