Gold costs struggled on Thursday a day after they’d crossed the Rs 49,000 per 10 gram mark throughout intra day offers. On MCX, gold June futures had been buying and selling at Rs 48,795 per 10 gram, as towards the earlier shut of Rs 48,784.
Silver July futures had been buying and selling weak at Rs 71,374 per kg, down Rs 37, as in comparison with the final shut of Rs 71,411. COMEX gold was buying and selling 0.four per cent decrease at close to $1893/ouncesafter a 0.2 per cent acquire within the earlier session.
Within the world market, gold costs retreated from a four-month excessive on the again of an increase within the US greenback and bond yields, whereas buyers awaited key financial readings out of the US this week.
Spot gold was down 0.1 per cent at $1,894.88 per ounce after hitting its highest since January 8, 2021 at $1,912.50 on Wednesday. US gold futures declined 0.3% to $1,898 per ounce.