Due to the coronavirus pandemic, the nation has been put down in the lockdown of 21 days since Wednesday. Due to this lockdown, all industrial and business activities are closed except for essential services.
The spot gold markets remained closed on Friday due to the lockdown across the country.
On Friday evening of 5 June 2020, the futures price of gold was trading 0.79 percent, or Rs 343, at Rs 43,300 per 10 gram on the MCX exchange. At the same time, the futures price of gold on April 3, 2020, was down by 0.59 percent, or Rs 259, on Friday evening at Rs 43,283 per 10 grams. Gold spot markets remained closed on Friday.
The entire lockdown of 21 days is in force in the country since Wednesday due to the coronavirus epidemic. Due to this lockdown, all industrial and business activities are closed except for essential services. Spot gold markets remained closed on Friday due to the nationwide lockdown. To prevent the coronavirus from spreading, it is necessary to break its chain of infection, for which the central and state governments have announced a lockdown.
Talking about the global market, the global spot gold fell 0.78 percent or $ 12.76 to $ 1,618.58 an ounce on Friday evening, and the global silver spot fell 0.38 percent or $ 0.05 to $ 14.35 an ounce.
Talking about the price of silver in the futures market on Friday, it was also seen falling in the evening. Silver futures of May 5, 2020, on MCX were seen trending at Rs 40,925 per kg, falling by 0.96 percent or Rs 397 on Friday evening. Besides, silver futures on July 3, 2020, fell by 1.22 percent or Rs 506 to trade at Rs 41080 per kg on Friday.