New Delhi: Gold costs on Friday went below Rs 49,300 per 10 gram within the futures commerce.
On the Multi Commodity Exchange, gold contracts for the February supply traded decrease by Rs 158, or 0.32 p.c, at Rs 49,290 per 10 gram in a enterprise turnover of 1,393 tons at 11.53am. Gold had closed at Rs 49,448 on Thursday and opened at Rs 49,355 per 10 gram on Friday.
Meanwhile, silver costs too fell at MCX. Silver costs for March supply have been buying and selling decrease by Rs 662 or 0.98 p.c to Rs 66,638 per kg in a enterprise turnover of three,146 tons at 12.08 am. Silver had closed at Rs 67,300 on Thursday and opened at Rs 67,000 per Kg on Friday.
In the worldwide market, Gold costs have been buying and selling decrease. Spot gold fell 0.3% to $1,863.56 per ounce by 0233 GMT, retreating from its highest since Jan. 8 hit on Thursday. For the week, it was up 2% in what can be its largest weekly achieve because the week ended Dec. 18. US gold futures eased 0.1% to $1,863.90, as per a Reuters report.
Gold price within the nationwide capital on Thursday jumped Rs 575 to Rs 49,125 per 10 gm amid agency world market pattern. The treasured steel had closed at Rs 48,550 per 10 gm within the earlier commerce. Silver additionally shot up by Rs 1,227 to Rs 66,699 per kg, in comparison with the earlier shut of Rs 65,472.