On Thursday, gold and silver prices have seen a decline in the futures market. On the MCX exchange, the futures price of gold on August 5, 2020 was 0.04% lower at Rs 45,990 per 10 grams, falling 0.04% on Thursday morning at 11:42 am. The futures price of gold on MCX was declining by 0.06% or 26 rupees at Rs 46,108 per 10 grams on Thursday morning at 11.49 am on Thursday.
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Talking about the price of silver in the futures market, then it has also seen a decline in Thursday morning. On Thursday morning on MCX, silver futures of July 3, 2020 fell by 0.68% or Rs 330 to trade at Rs 48,124 per kg. The futures price of silver on September 4, 2020 fell by 0.78%, or Rs 384, to trend at Rs 48,901 per kg on Thursday.
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Gold and silver spot markets have opened in the country. According to HDFC Securities, in the national capital Delhi on Wednesday, the spot price of gold was at Rs 47,884 per ten grams and silver was at Rs 51,462 per kg. On the international level, there has been a drop in gold futures on Thursday morning and a rise in the spot price. According to Bloomberg, on Thursday morning, the global futures price of gold was down by 0.18%, or $ 3.10, at $ 1701.70 an ounce on Comex. The global spot price of gold was trending at $ 1,700.99 an ounce with a gain of 0.08% or $ 1.32.