3th May, 2021
On the last trading day of the previous week, on Friday, June 4, 2021, the gold price of futures closed at Rs 46,737 per 10 grams on the MCX exchange with a gain of only Rs 11. At the same time, the gold price of futures on August 5, 2021, rose by Rs 36 to close at Rs 47,051 per 10 grams. During the last week, there has been a significant fall in the prices of gold. Let us know in detail.
Gold price declined last week
There has been a significant decline in the price of gold in the past week. On Monday, April 26, the first trading day of the previous week, gold prices on MCX opened on June 4, 2021 futures at Rs 47,604 per 10 grams. At the same time, the price of this gold had closed at Rs 47,532 per 10 grams in the previous session. In this way, the price of this gold has declined by Rs 795 per 10 grams last week.
There was a significant decline in silver as well.
In the past week, silver prices have also fallen. On the last trading day of the previous week, on Friday, July 5, 2021 futures silver fell by Rs 271 to Rs 68,366 per kg on MCX. The silver price opened at Rs 69,944 per kg on MCX on Monday, April 26, the first trading day of the week. In the previous session, it had closed at Rs 69,834 per kg. In this way, the price of this silver recorded a steep decline of Rs 1468 per kg last week.
Gold in the global market
On the last trading day of the previous week, both the global gold futures and spot prices closed down. According to Bloomberg, gold futures on Friday closed down 0.03 percent, or $ 0.60, at $ 1,767.70 an ounce on Comex. In addition, the global spot gold price fell by 0.17 percent, or $ 3.05, to close at $ 1,769.13 an ounce on Friday.
Silver in the global market
On the last trading day of the previous week, both the futures and spot prices of the silver closed down on the global market on Friday. According to Bloomberg, the price of July 2021 futures silver fell 0.81 percent, or $ 0.21, to $ 25.87 an ounce on Comex on Friday. Besides, the global spot silver fell 0.69 percent, or $ 0.18, to close at $ 25.92 an ounce.