Gold price falls to Rs 48,100 per 10 gm, silver is Rs 49,600 a kg
Gold prices on Tuesday fell to Rs 48,100 from Rs 48, 320 per 10
gram, while silver climbed to Rs 49,600 from Rs 48,510 per kilogram, according
to Good Returns website.
Gold
jewellery prices vary across India, the second-largest consumer of the metal,
due to excise duty, state taxes, and making charges.
In New Delhi, the price of 22-carat gold slid to Rs 46,900 per 10 gram, and in
Chennai to Rs 46,100. In Mumbai, the rate was Rs 47,950, according to the Good
Returns website. The price of 24-carat gold prices in Chennai came to Rs
50,710.
On
MCX, August gold futures jumped 0.37 per cent to Rs 48,225 per 10 gram. Silver
July futures also climbed to Rs 49,790 per kilogram. MCX has decided to
accept gold and silver bars refined at domestic refineries for deliveries,
subject to final regulatory approval.
MCX received approval of Sebi for the launch of Gold Mini
options with Gold Mini (100 grams) bar as underlying, MCX said in a
statement.
Gold
Mini Option August 2020, September 2020 and October 2020 contracts will be
available for trading with effect from July 10, it added. The maximum single
order size will be of 100 lots, it notified.
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