Mumbai, – Gold prices experienced a notable decline in the Indian market on Wednesday, as reported by India’s Multi Commodity Exchange (MCX). The latest data revealed that the cost of gold stood at 60,759 Indian Rupees (INR) per 10 grams, marking a decrease of INR 361 compared to the previous day’s rate of INR 61,120.
In tandem with physical gold prices, futures contracts also exhibited a downturn. The price for gold futures contracts dropped to INR 61,136 per 10 grams, down from the previous day’s INR 61,181 per 10 grams.
Meanwhile, silver futures contracts mirrored this trend, experiencing a decrease in value. The cost of silver futures contracts settled at INR 71,681 per kilogram, reflecting a decline from the previous day’s rate of INR 71,862 per kilogram.
Market analysts are closely monitoring these fluctuations, attributing the adjustments to global market dynamics and factors influencing precious metal prices. Investors and traders alike are keenly observing the trajectory of these commodities as they navigate the intricate landscape of financial markets.
