Gold prices in India experienced a decline on Tuesday, based on data from India’s Multi Commodity Exchange (MCX). The price of gold stood at 71,922 Indian Rupees (INR) per 10 grams, reflecting a decrease of INR 287 compared to the previous day’s price of INR 72,209.
In contrast, gold futures contracts saw a slight increase, with prices rising to INR 71,887 per 10 grams from INR 71,855 per 10 grams.
Meanwhile, silver futures contracts displayed an upward trend, with prices increasing to INR 85,180 per kilogram from INR 84,886 per kilogram.
These mixed movements in gold and silver prices highlight the volatility and diverse factors influencing the precious metals market in India. Factors such as global market trends, currency fluctuations, and local demand dynamics continue to play a role in shaping the trajectory of gold and silver prices. Investors and traders will closely monitor these developments to make informed decisions in the Indian commodity market.
