New Delhi, Business Desk. On Friday, gold and silver futures prices have seen a significant decline. On August 5, 2020, gold futures on the MCX exchange fell by 0.69 percent or Rs 321 to trade at Rs 46,375 per 10 grams on Friday morning. At the same time, gold futures on October 5, 2020, was down by 0.69 percent or Rs 322 on Friday, trending at Rs 46,492 per 10 grams. Significantly, the spot price of gold in Delhi on Thursday was Rs 47,185 per 10 grams. Global spot and futures prices of gold are also seen falling on Friday morning.
Talking about silver, the futures price of silver on MCX on July 3, 2020, was down by 0.88 percent or Rs 428 to trade at Rs 48,383 per kg. Significantly, the spot price of silver in Delhi fell by Rs 542 per kg on Thursday to Rs 49,558 per kg.
Internationally also, gold futures and spot prices are seen falling on Friday morning. According to Bloomberg, on Friday morning, the global futures price of gold was down 0.62 percent, or $ 10.70, at $ 1716.70 an ounce on Comex. At the same time, the global spot price of gold was down by 0.22 percent or $ 3.85 to trade at $ 1,710.16 an ounce.
Globally, silver futures were trading down 0.53 percent, or $ 0.10, at $ 17.97 an ounce on Friday morning. At the same time, the global spot price of silver was trending at 0.05 percent, or $ 0.01, on Friday morning at $ 17.72 an ounce.