Gold Falls Over ₹1,400, Silver Drops More Than ₹5,600 In Futures Market
Summarized by AI; it may make mistakes. Check important info
Summarized by AI; it may make mistakes. Check important info
Gold and silver prices witnessed a sharp decline in the futures market on Wednesday, extending the downward trend seen over the past few days. The fall led to fresh losses for investors as both precious metals traded significantly lower during the session.
Gold Prices Decline
Gold, which had settled at ₹1,42,531 per 10 grams in the previous session, opened lower and slipped further during the day. It touched a low of ₹1,41,115 after trading around ₹1,41,634 earlier in the session.
Overall, gold prices declined by ₹1,416 compared to the previous closing level.
Silver Sees Sharpest Fall
Silver recorded an even steeper fall. After closing at ₹2,28,563 per kg in the previous session, it opened at ₹2,25,000 and continued to weaken throughout the day.
The metal later touched an intraday low of ₹2,22,901 per kg, marking a decline of ₹5,662 from the previous close.
Investors Remain Cautious
The sharp fall in both gold and silver prices has left investors cautious, with precious metals remaining under pressure in the futures market.
Silver, which had once crossed the ₹4 lakh per kg mark, is now trading around the ₹2.25 lakh level.
