Gold Future Prices Have Fallen For Third Cosecutive Season

The fall in Gold prices continues on Monday. Thus, this is the third consecutive trading season of decline in Gold futures.

On Friday, gold futures closed at Rs 1,550 per 10 grams. On Monday morning, Gold futures on June 5, 2020, fell by Rs 245 to trade at Rs 45,490 per 10 grams.

Apart from this, on Monday morning, the gold futures price of five August 2020 on MCX was down by 0.37 percent or Rs 169 to trade at Rs 45,745 per 10 grams.

Silver prices are seeing an increase on Monday in the futures market. On Monday morning, silver futures on MCX were trending at Rs 43,001 per kg with a rise of 0.46 percent or Rs 195 on May 5, 2020.

In addition, on July 3, 2020 silver futures on MCX were trending at Rs 43,590 per kg, up 0.53 percent or Rs 228 on Monday morning.

Talking about the price of gold and other precious metals in the global market, on Monday morning the spot price of platinum was trending at $ 777 an ounce with a gain of 0.05 percent or $ 0.35.

In addition, the spot price of palladium was currently trending at $ 2208.20 an ounce, rising 1.93 percent or $ 41.88. Significantly, due to the increased lockdown till May 3, the spot markets of gold will remain closed even today.

The global market is witnessing a fall in the spot price of Gold on Monday and an increase in the spot price of Silver. According to Bloomberg, on Monday morning, the international gold spot fell by 0.14 percent or $ 2.29 to trade at $ 1,680.53 an ounce.

At the same time, the spot price of Silver was trading up 0.40 percent or $ 0.06 on Monday morning at $ 15.24 an ounce. On the other hand, on the global futures price of gold, it was trading at $ 1697.50 an ounce on Comex on Monday morning, down 0.08 percent or $ 1.30.

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