Gold and silver prices declined in the domestic market at the opening of trade on Tuesday, the second trading day of the week. On the Multi Commodity Exchange (MCX), gold futures for December delivery fell by around Rs 150 to Rs 1,49,535 per 10 grams. Silver prices dropped by approximately Rs 500 to around Rs 2,22,400 per kilogram.
In the international market, gold prices advanced while silver prices declined, reflecting divergent price movements across domestic and global markets.
On October 13, gold and silver recorded different trends in the global market. According to available trading data, gold on the COMEX rose by approximately 0.23% to $4,200.40 per troy ounce. In contrast, international silver prices fell by around 0.22% to $60.380 per ounce.
In the domestic futures market, gold prices registered a modest decline. Gold futures for December delivery on the MCX fell by approximately Rs 150 to Rs 1,49,535 per 10 grams.
Prices of gold futures traded on the MCX may differ from retail gold prices offered by jewellery stores.
Silver futures also declined in the domestic market alongside gold. On the MCX, silver prices fell by approximately Rs 500 to around Rs 2,22,400 per kilogram.
Silver is used in jewellery as well as in industrial sectors, including solar energy and electronics.
