Gold and Silver Trend today

Bullion Updates-MCX Gold and MCX Silver

Gold and Silver were steady in the domestic market due to the  weakness in the international market and low demand of the precious metal in the domestic market. MCX Gold was Rs 30,300 per ten gram in the domestic market and silver remained steady at 53,000 per kg.

According to information received from the London International Gold slipped 0.3 percent to 1618.80 dollars per ounce. The Silver declined 0.4 per cent to $ 27.59 per ounce. The Central bank's meeting is to be held this week to discuss the euro loan.

Here, due to the weak demand of bullion metals and the dullness in the international market, MCX Gold was ranging at Rs 30,300 per ten gram and silver was set at 53,000 per kg. Ginny stayed at a price of Rs 24,450.

According to the traders the gold ranging above 30 thousand is one of the possible reasons for low demand of the yellow metal this year. As the jewellery demand was usually high during Raksha Bandhan. He said the demand for silver has also become dull, while during this festival its demand was enormous.