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The metal futures struggled on Wednesday amid the upcoming US Federal monetary decision. On MCX, gold futures rose 0.34% to Rs 51,998 per 10 gram. On the other hand, silver futures rose 0.15% to touch Rs 69,249 per kg. Overall the market was stable with a lower OI (Open Interest).
Gold prices maintained the bullish streak by rising for the second straight session on Tuesday as the dollar weakened ahead of US Federal Reserve's monetary policy meeting. Despite the metal options rising for two days, Gold remains significantly below record high prices of Rs 56,191 per 10 gram, hit on August 7, 2020.
Gold prices declined 0.97% on the Multi Commodity Exchange (MCX) on Friday. Silver prices also fell more than Rs 1,100 per kg.
Delhi High Court declines to remain at negative value with MCX Circular Setting Due Date Of Crude Oil Futures Contract
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