Gold and silver prices declined in the Indian commodity market on Wednesday amid weak trends in international markets, a ber dollar, and profit booking by investors.
During trading on the Multi Commodity Exchange (MCX India), both precious metals remained in negative territory. Gold for June 5 delivery fell by about ₹865, or 0.54%, to ₹1,58,215 per 10 grams. Silver for July 3 delivery declined by 1.10%, or ₹2,969, to ₹2,67,150 per kilogram.
During morning trade on Wednesday, gold prices for June 5 delivery traded at around ₹1,58,215 per 10 grams, down approximately 0.54%. Silver for July 3 delivery fell about 1.10% to ₹2,67,150 per kilogram. Gold prices moved within an intraday range of ₹1,57,959 to ₹1,60,378 per 10 grams, while silver traded between ₹2,66,580 and ₹2,68,464 per kilogram.
Recent sessions also recorded significant volatility in Delhi’s bullion market. According to the All India Sarafa Association, silver registered a sharp decline of nearly ₹5,000 per kilogram a day earlier before closing at ₹2,71,000 per kilogram. Gold prices had shown marginal gains in the previous session, although pressure returned in the following session.
Gold of 99.9% purity in the bullion market traded between ₹1,62,800 and ₹1,63,600 per 10 grams. In the previous session, prices had increased by around ₹800. However, amid weak global cues, gold again witnessed a declining trend on Wednesday.
