Even today, gold and silver prices continue to fall in Indian markets. Gold futures fell for the fourth consecutive day. Today, October gold futures on MCX fell 0.3 per cent to Rs 51,865 per 10 grams. Gold futures fell to around Rs 1,700 per 10 grams in four days
Silver price also reduced along with gold. Talking about silver, September silver futures on MCX fell by one per cent to Rs 66,426 per kg. Gold had fallen 0.3 per cent in the previous session, while silver futures had fallen by one per cent in September. On August 7, the price of gold has fallen by about Rs 4,300 per 10 grams so far from a high of Rs 56,200
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Global markets also fall today as gold prices plummeted amid a stable US dollar in global markets. Today, spot gold fell 0.3 per cent to US $ 1,933.37 an ounce, while US gold futures fell 0.4 per cent to US $ 1,910.10. Among other precious metals, silver fell 0.6 percent to $ 26.54 an ounce while platinum slipped 0.5 percent to $ 913.78.