Gold futures dip slightly in India's MCX market; silver also falls

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Gold futures dip slightly in India's MCX market; silver also falls

In the latest trading session, India's precious metal futures market witnessed a slight downturn. The Multi Commodity Exchange (MCX) of India reported a dip in gold futures due for delivery on December 5, which decreased by ₹87 or 0.15%, to close at ₹59,665 per 10 grams. The trading day saw gold prices fluctuating between ₹59,652 and ₹59,699.

Alongside gold, silver futures also experienced a decline. The December 5 contracts fell by ₹565 or 0.81%, ending the day at ₹69,467 per kilogram. This move in the precious metals market comes amidst a period of stability in global markets, where COMEX gold prices remained steady at $1938.8 per ounce.

In the retail market, Kolkata reported the highest spot gold prices across major Indian cities, with 24k gold reaching ₹62,070 for 10 grams.

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