MCX News
The gold prices slipped for the second straight session. Gold futures for August delivery fell by 0.2 per cent to around Rs 99,329 per 10 grams.
Since January 1, the price of 24-carat gold has surged by Rs 22,985 or 30.17 per cent, rising from Rs 76,162 to Rs 99,147 per 10 grams.
According to data from the India Bullion and Jewellers Association (IBJA), around 12:50 p.m., 22-carat gold was priced at Rs 9,679 per gram, while 24-carat fine gold stood at Rs 9,917 per gram.
Gold prices slipped as renewed optimism around global trade pushed investors away from safe-haven assets.
On the Multi Commodity Exchange, the gold contracts for June delivery hit a record high of Rs 94,781 per 10 grams in early trade.
Globally, gold futures increased nearly 2 per cent to hit a lifetime high of USD 3,240.20 per ounce in New York.
On the Multi Commodity Exchange (MCX), gold contracts for June delivery traded higher by Rs 695 or 0.8 percent at Rs 87,623 per 10 grams in a business turnover of 14,966 lots.
On the Multi Commodity Exchange, gold contracts for June delivery traded lower by Rs 154 or 0.17 per cent to Rs 90,721 per 10 grams in a business turnover of 18,583 lots.
On the Multi Commodity Exchange, the yellow metal contracts for June delivery hit a record high of Rs 91,400 per 10 grams in early trade.
On the Multi Commodity Exchange (MCX), 24-carat gold April futures rose by 0.21 per cent, touching Rs 86,875 per 10 grams.
On the Multi Commodity Exchange (MCX), gold futures for April 4 expiry touched an all-time high of Rs 85,384 per 10 grams in early trade.
On Budget day the exchanges will carry out a full trading session just like on regular market days following the usual schedule.
Multi Commodity Exchange of India Ltd (MCX) exchange will remain open for normal trade from 9.00 a.m. to 5.00 p.m on Budget Presentation day on 1 February.
Stock Market Holiday: The first holiday was on January 26 for Republic Day in 2024, while the Christmas holiday marks the final stock market holiday of the year.
Gold futures contract on the MCX for June 2024 expiry opened at Rs 69,868 per 10 gm in morning trade, after which it soared to Rs 69,908 per 10 gm level following news of the precious metal scaling high of $2,323.70 per ounce in the international market.
At the Multi Commodity Exchange, gold contracts set for delivery in October recorded a Rs 48 increase, equivalent to 0.08 percent, reaching Rs 59,441 per 10 grams.
In the equity market, the 30-share BSE Sensex fell 259.52 points or 0.41 per cent to settle at 62,979.37. The NSE Nifty declined 105.75 points or 0.56 per cent to end at 18,665.50. The exchange had in the past requested members to actively participate in the mock trading session to avoid any issue when the exchange plans to go live with the new version of trading software.
In the previous trade, the yellow metal had finished at Rs 60,650 per 10 grams.
In the overseas market, both gold and silver were trading lower at USD 1,987 per ounce and USD 25.05 per ounce, respectively.
The precious metal had settled at Rs 60,450 per 10 gram in the previous trade.
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