Gold fell sharply last week, silver cheaper by Rs 19,229 over the previous month. The domestic bullion market has seen a steep decline in the price of gold and silver last week. This is the biggest weekly decline for several months.
At the same time, the global market has recorded the biggest weekly fall in gold prices since March last week. In the past week, gold has fallen by 4.6 percent and silver by 15 percent.
On Friday, the last trading day of the previous week, both precious metals closed down. The gold futures price of five October 2020 on the MCX exchange fell by Rs 245 to close at Rs 49,659 per 10 grams on Friday, the last trading day of the week.
Similarly, the gold prices of December futures also fell on Friday to close at Rs 49,650 per 10 grams. Now let us know how cheap gold has become in the last week.
Gold futures fall, silver also breaks, know what are the prices
On the first trading day of the week in the domestic futures market, gold and silver prices trended down on Monday. Gold prices of October futures fell by 0.14 percent, or Rs 69, to trade at Rs 49,600 per 10 gram on the MCX exchange at around 10:20 am on Monday morning.
Apart from this, the gold price of December futures was currently trading at Rs 49,585 per 10 grams on MCX, down 0.13 percent, or 65 rupees. The global futures price of gold also declined on Monday morning.
State Bank of India (SBI) has alerted its customers about fraud. The bank has warned its account holders about suspicious WhatsApp calls and messages.
The bank has told customers that if you share your details with someone, then you can be cheated. The bank said in a tweet, “Now customers are being targeted on WhatsApp.” Beware of cybercriminals and become aware.