Mumbai: Both gold and silver are trading on the downward side of the Multi Commodity Exchange on Thursday, March 10, 2022 (MCX).
On Thursday, March 10, 2022, both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX).
On the MCX, gold futures maturing on April 5, 2022, are retailing at Rs 52,601 per 10 grams, a slight dip of Rs 276 or 0.52 percent.
Meanwhile, silver futures, which expire on May 5, 2022, were trading at Rs 69,504 per kg, down 0.69 percent or Rs 477.
When the market closed on March 9, gold and silver prices were respectively Rs 52,745 per 10 grams and Rs 69,575 per kg.
Gold prices dipped on Thursday, according to Reuters, as U.S. Treasury yields increased and investors sought riskier assets amid a drop in oil prices after the United Arab Emirates stated it would help increase output, making safe-haven bullion less enticing.
Following a 1 percent drop earlier in the session, spot gold was down 0.8 percent at $1,975.70 per ounce, according to the latest metal report. Meanwhile, gold futures in the United States fell 0.5 percent to $1,978.80.
(SMIT SONI)
