Gold prices soften after a strong start

Gold futures prices started with a rise today but later softened. The benchmark February contract of gold on Multi Commodity Exchange (MCX) opened today with a rise of Rs 15 at Rs 61,196. At this time it touched the day’s high at Rs 61,196 and the day’s low at Rs 61,085. Last week, the futures price of gold had touched its highest level of Rs 64,063.

Silver futures prices fell

Silver futures prices started with a decline. The benchmark March contract of silver on MCX opened today with a fall of Rs 117 at Rs 71,745. At this time it touched the day’s high at Rs 71,745 and the day’s low at Rs 71,551 per kg. Last week, silver futures prices had reached the day’s high of Rs 78,549.

Gold and silver futures prices fell after a strong start in the international market
The futures prices of gold and silver in the international market started high today but later their prices started slowing down. Gold price opened at $ 1,995.10 an ounce on Comex. The previous closing gold price was $1,993.20. At the time of writing the news, it was trading for $ 1,992.80 an ounce, down by $ 0.40. Silver futures on Comex opened at $23.07, the previous closing price was $23.01. At the time of writing, it was trading at $ 22.94 an ounce with a fall of 0.07.