Gold falls ₹200 to ₹79,200 per 10 gm; silver plummets ₹2,200
The Hindu
Gold and silver prices drop due to reduced demand, global factors, and market uncertainties, impacting futures trading.
Gold prices fell Rs 200 to ₹79,200 per 10 grams in the national capital on Monday (December 2, 2024) amid weak trends in the international markets, according to the All India Sarafa Association.
The yellow metal of 99.9% purity closed at ₹79,400 per 10 grams on Friday (November 29, 2024).
Silver also plummeted ₹2,200 to ₹90,000 per kg due to reduced offtake by industrial units and coin makers. It had closed at ₹92,200 per kg in the previous trading session.
The price of gold of 99.5% purity slipped ₹200 to ₹78,800 per 10 grams. The precious metal ended at ₹79,000 per 10 grams on Friday (November 29. 2024).
Meanwhile, in futures trade on the MCX, gold contracts for December delivery fell ₹478, or 0.63%, to trade at ₹75,896 per 10 grams.
Silver contracts for December delivery slumped ₹574, or 0.65%, to ₹88,307 per kg. During the day, the white metal declined ₹1,081, or 1.22%, to hit an intra-day low of ₹87,800 per kg on the Multi Commodity Exchange (MCX).
Globally, Comex gold futures fell $23.50 per ounce, or 0.88%, to $2,657.50 per ounce.
Intel CEO Pat Gelsinger has retired, the struggling chipmaker said Monday.
Bangladesh reduces power purchase from Adani due to lower winter demand and payment disputes, facing mounting dues.
Škoda Auto India introduces the Kylaq SUV with four variants, starting at ₹7.89 lakh, promising a game-changing customer experience.
Government forms panel to update GDP base year from 2011-12 to 2022-23, aiming for accurate economic representation.
According to officials in the Agriculture Department and scientists at Krishi Vigyan Kendra in Kalaburagi, the drying of the crops is a direct result of insufficient rainfall. As per the data, the region received about 5 mm of rainfall in November, compared to the normal 20 mm, translating to a 70% deficit at a critical stage of the crop’s growth.
Oilfields Bill: Parliament debates Oilfields Amendment Bill to boost domestic oil production, reduce imports, and streamline regulatory framework.
Gold and silver prices drop due to reduced demand, global factors, and market uncertainties, impacting futures trading.
Uber launches water transport service in India, starting with shikara rides at Dal Lake in Srinagar.
Benchmark indices Sensex and Nifty rise on blue-chip stocks, firm US markets, and global oil prices, despite economic slowdown.
Rupee hits all-time low against dollar on Trump tariff threat, disappointing data, and foreign fund outflows.
Government scraps windfall profit tax on crude oil and fuel exports due to declining international oil prices.