Gold prices in India saw a decline on Monday, according to data from the Multi Commodity Exchange (MCX). The price of gold stood at 72,209 Indian Rupees (INR) per 10 grams, marking a decrease of INR 509 from Friday’s price of INR 72,718.
Futures contracts for gold also experienced a drop. The price for gold futures fell to INR 72,046 per 10 grams, down from INR 72,727 per 10 grams recorded previously.
Similarly, silver futures contracts witnessed a downward trend. Prices for silver futures declined to INR 84,480 per kilogram, compared to INR 84,791 per kilogram on Friday.
This decline in precious metal prices reflects the broader market volatility and shifting investor sentiment. The fluctuations in gold and silver prices are often influenced by a range of factors, including international market trends, currency exchange rates, and changes in demand and supply dynamics. Investors in India will be closely monitoring these movements to make informed decisions in the coming days.
