West Gold and silver prices continue to fluctuate amid attacks in Asia. There is a decline in the prices of precious metals on Monday. However, till the time of writing this news, this decline was in the range of around 1 percent. On the first day of the week, gold for delivery on May 5 was trading at Rs 1,44,674.00 per 10 grams, down by Rs 1258.00 (0.86 percent) on MCX. Whereas, the price of silver for delivery on May 5 fell by Rs 1393.00 (0.61 percent) and was trading at Rs 2,26,561.00 per kg.
What is the price going on MCX today?
During trading today, gold for delivery on May 5 opened at Rs 1,45,932.00 per 10 grams and ranged from an intraday low of Rs 1,44,000.00 to an intraday high of Rs 1,46,330.00. Similarly, silver for delivery on May 5 opened at Rs 2,28,106.00 and ranged from an intraday low of Rs 2,25,763.00 to an intraday high of Rs 2,28,786.00. Meanwhile, the dollar index continues to strengthen. On Monday, the dollar index remained above the key level of 100 after rising for four consecutive sessions. This was supported by strong demand for safe-haven assets as the Middle East conflict now enters its 5th week.
On Friday, gold and silver prices closed with a big fall in the bullion market of Delhi.
Let us tell you that on Friday last week, gold of 99.9 percent purity had fallen by Rs 1,900 i.e. 1.3 percent to Rs 1,47,800 per 10 grams in the bullion market of Delhi. Whereas on Wednesday the price of gold closed at Rs 1,49,700 per 10 grams. Similarly, the price of silver fell by Rs 11,250, or about 5 percent, to close at Rs 2,30,000 per kg, which was at Rs 2,41,250 per kg on Wednesday. Last week on Thursday, on the occasion of Ram Navami, along with MCEC, bullion markets were also closed. Business took place on Friday and then Saturday-Sunday was also a holiday.