Gold prices in India witnessed a decline on Friday, as reported by data from India’s Multi Commodity Exchange (MCX). The price of gold stood at 73,161 Indian Rupees (INR) per 10 grams, reflecting a decrease of INR 51 compared to Thursday’s rate of INR 73,212.
Meanwhile, for futures contracts, gold prices experienced a slight drop to INR 72,912 per 10 grams, down from INR 72,980 per 10 grams previously.
On the other hand, silver futures contracts saw an increase in prices, rising to INR 87,575 per kilogram from the previous rate of INR 87,300 per kilogram.
These fluctuations in precious metal prices on the MCX highlight the ongoing dynamics within the Indian commodity market, influenced by various factors including global trends, demand-supply dynamics, and economic indicators. Investors and traders closely monitor such changes to make informed decisions in the commodities market.
