Gold, silver prices fall on weak international cues; check MCX gold, silver, COMEX trading strategies
Gold prices were trading flat to negative on Tuesday, following international prices as a stronger dollar and comments from US Fed Chairman Jerome Powell on the economy weighed on yellow metal’s safe-haven appeal. MCX gold June futures were trading Rs 34 down at Rs 47,285 per 10 gram, against the previous close of Rs 47,319. Silver July futures were ruling at Rs 70,738 per kg, down Rs 162 or 0.23 per cent. In the previous session, silver futures ended at Rs 70,900 per kg. Globally, spot gold was down 0.2 per cent at $1,789.02 per ounce. The metal touched its highest since February 25, at $1,797.75 on Monday. US gold futures fell 0.2 per cent to $1,788.80 per ounce, according to Reuters.