Gold / Silver Price: In early trade on Monday, August futures gold on the Multi Commodity Exchange (MCX) fell by 0.16 percent. However, it has slowed down a bit later.
gold rate today
On Monday (2 August 2021), the first trading day of the week, there is pressure in the prices of gold and silver in the Indian markets. In early trade on Monday, August futures gold on the Multi Commodity Exchange (MCX) fell by 0.16 percent. However, it has slowed down a bit later. At the same time, the price of September futures silver slipped 0.3 percent. In the previous trading session, gold had fallen by Rs 400 or 0.75 per cent per 10 grams while silver had lost 0.5 per cent.
Gold Price: On Monday, August futures gold prices fell 01.6 per cent to Rs 47,926 per 10 grams on the Multi Commodity Exchange. After the initial weakness, it is trading at Rs 47,875 per 10 grams with an increase of 0.06 percent i.e. Rs 29.
Silver Price: At the same time, the price of September futures silver on MCX fell 0.3 per cent to Rs 67,895 per kg. However, now it is trading at Rs 67,902 per kg with a jump of Rs 55 or 0.08 per cent.
In international markets, spot gold fell 0.2 per cent to $1,809.21 an ounce after hitting a two-week high in the previous session. A strong US dollar put pressure on the precious metal after the greenback fell 0.8 per cent last week. Its worst weekly performance in two months.
Physical gold demand in India remained weak last week as rising prices discouraged retail buying, while top consumer China saw buying in safe havens. However, jewelery sales remained sluggish. Gold traders will be waiting for the US jobs data this week. Fed officials have previously indicated that more labor market progress is key to an adequate stimulus package.
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