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Home » Business » Gold, Silver price today, April 9: Price of yellow metal slips for second day

Gold, Silver price today, April 9: Price of yellow metal slips for second day

Gold prices in India hit a record high of ₹45,724 earlier this week while most gold spot markets remain closed due to lockdown.

By Newsd
Updated on :
Gold Rate In India on June 8 2023
Gold Rate In India on June 8 2023

Gold prices in India have slipped for the second day in a row. On MCX, June gold futures fell 0.14% to ₹44,880 per 10 gram, extending decline to the second day. In the previous session, gold futures had declined by 0.54%. Tracking gold, silver futures also edged lower today. On MCX, May silver futures fell 0.26% to 43,026.

Gold prices in India hit a record high of ₹45,724 earlier this week while most gold spot markets remain closed due to lockdown.

The gold prices in global markets inched higher today but the upside remained capped on hopes that the new coronavirus pandemic is nearing a peak.

The price of Gold and silver is being affected by many factors and that includes inflation, global market price changes, gold reserves at the central banks, trade wars and interest rates.

On the other hand, the silver rate ion the global market has been increased by Rs 330 and it is being priced at Rs 40,950.

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