In the local bullion market, gold rose by Rs 97 to Rs 46,758 per ten gram on Tuesday. HDFC Securities gave this information. In the previous day’s trade, gold had closed at the rate of Rs 46,661 per ten grams. Silver also rose by Rs 1,282 to Rs 70,270 per kg. It closed at Rs 68,988 in the previous trading session.
In the international market, gold declined marginally to $ 1,788 an ounce, while silver remained almost unchanged at $ 26.90 an ounce. “The spot price of gold at the New York-based commodity exchange Comex was down marginally to $ 1,788 an ounce on Tuesday,” said Tapan Patel, senior analyst (commodities) at HDFC Securities.
Fall in futures prices
The bookmakers reduced the size of their deals amid weak spot demand, leading to a loss of Rs 158 to Rs 47,161 per 10 grams in the local futures market on Tuesday. At the Multi Commodity Exchange, the price of gold for delivery for the month of June was Rs 158, which was a loss of 0.33 per cent to Rs 47,161 per 10 grams. It traded for 10,737 lots.
At the same time, due to weak spot demand in silver, traders reduced the size of their deals, due to which the price of silver fell by Rs 137 to Rs 70,763 per kg in futures trade on Tuesday. At the Multi Commodity Exchange, the futures contract for July delivery of silver fell by Rs 137, or 0.19 per cent, to Rs 70,763 per kg. In this futures contract, deals were done for 10,259 lots.
(This news has not been edited by the NDTV team. It has been published directly from the Syndicate feed.)