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Gold and Silver Prices Decline in Indian Bullion and Commodity Markets

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Gold and Silver Prices Decline in Indian Bullion and Commodity Markets

Gold and silver prices witnessed a sharp decline in the Indian bullion market and on the Multi Commodity Exchange. Twenty-four carat gold slipped 1.7 per cent to 144,330 rupees per 10 grams, while silver fell 1.2 per cent to 223,470 rupees per kilogram. Futures contracts for both precious metals also recorded significant losses.

Gold and silver prices registered a notable decline in the Indian bullion market, reflecting weakness in precious metal trading. Twenty-four carat gold was trading 1.7 per cent lower at 144,330 rupees per 10 grams, while silver was quoted 1.2 per cent lower at 223,470 rupees per kilogram a short while ago.

The downward trend was also visible at the Multi Commodity Exchange. Gold for the August contract was trading 1.8 per cent lower at 143,919 rupees per 10 grams when reports last came in. Meanwhile, silver for the July contract slipped 1.6 per cent and was trading at 222,307 rupees per kilogram.

The decline in both bullion and commodity market prices highlighted the prevailing weakness in precious metals trading, with gold and silver witnessing losses across spot and futures segments.

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