Gold and silver prices in India fell for the fourth consecutive day on Thursday, due to weak demand in the spot market, traders reduced their deposit transactions, due to which gold fell 0.16 percent to Rs 49,428 per 10 grams in the futures market today.
At the Multi Commodity Exchange, the delivery contract for delivery in October fell by Rs 80, or 0.16 per cent, to Rs 49,428 per 10 grams, with a turnover of 6,936 lots. The delivery contract for gold in December was down by Rs 68, or 0.14 per cent, to Rs 49,482 per 10 grams.
Gold prices fell by Rs 485 to Rs 50,418 per 10 grams in the Delhi Bullion Market on Thursday amid a weak trend in the international markets, HDFC Securities informed that gold prices have fallen for the fourth consecutive trading session .
Gold prices continued to fall in global markets on Thursday, with investors being cautious ahead of US jobless claims data, while a stronger dollar also affected the precious metal prices.