Gold prices in India experienced a decrease on Tuesday, as reported by India’s Multi Commodity Exchange (MCX).
The spot price of gold stood at 71,777 Indian Rupees (INR) per 10 grams, representing a decline of INR 123 compared to Monday’s rate of INR 71,900 per 10 grams.
In the futures market, gold prices also declined, with futures contracts trading at INR 70,977 per 10 grams, down from INR 71,602 per 10 grams previously.
Similarly, silver futures prices saw a decrease, with contracts priced at INR 81,250 per kilogram compared to INR 82,483 per kilogram in the previous session.
These price movements reflect the current trend in precious metal markets, influenced by various factors including international market dynamics, currency fluctuations, and investor sentiment. Investors and traders continue to monitor these fluctuations closely for potential trading opportunities and market insights.