New Delhi: Gold opened at Rs 46,300 per 10 grams in futures trade on Thursday in the Multi Commodity Exchange. Gold contract for October delivery closed at Rs 46,388. So far in the year, gold prices have fallen by over Rs 4,000, making the yellow metal still an attractive instrument for investment.
Gold still cheaper by about Rs 9,800 from record high
Last year, people had invested heavily in gold due to the Corona crisis. In August 2020, the price of 10 grams Sleep Reached the highest level of Rs 56191 on MCX. Last year, gold gave a return of 43 per cent. Compared to the highest level, gold has fallen by 25 per cent. In morning trade, gold was at Rs 46,380 per 10 grams on MCX, which is still cheaper by Rs 9,820.
Gold Movement for Aug 02-13 (MCX October Futures)
Monday: 48086/10 grams
Tuesday: 47864/10 grams
Wednesday: 47892/10 grams
Thursday: 47603/10 grams
Friday: 47570/10 grams
Monday: 45886/10 grams
Tuesday: 45962/10 grams
Wednesday: 46388/10 grams
On Wednesday, gold rose by Rs 159 to Rs 45,130 per 10 grams in the national capital. In the previous trade, this precious metal had closed at Rs 44,971 per 10 grams. Silver also rose by Rs 99 to Rs 61,250 per kg from Rs 61,151 per kg in the previous trade. In the international market, gold was trading higher at $ 1,733 an ounce and silver was flat at $ 23.36 an ounce.
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