Gold prices in India witnessed a decline on Wednesday, as reported by India’s Multi Commodity Exchange (MCX). The price of gold stood at 71,405 Indian Rupees (INR) per 10 grams, marking a decrease of INR 120 compared to the previous day’s price of INR 71,525.
Similarly, gold futures contracts also experienced a drop, with prices falling to INR 70,962 per 10 grams from INR 71,136 per 10 grams in the previous session.
In addition to gold, silver futures contracts also recorded a decrease in prices. The price of silver futures declined to INR 82,429 per kilogram from INR 82,794 per kilogram.
The decline in both gold and silver prices on the MCX reflects fluctuations in the precious metals market, influenced by factors such as global economic conditions, investor sentiment, and market dynamics.
Investors and traders monitoring these price movements on the MCX may adjust their strategies accordingly based on market trends and price forecasts.
