After two days of boom in bullion markets, gold and silver prices are once again falling. On Friday, the spot price of 24 carat gold in the bullion markets across the country became cheaper by Rs 70 per 10 grams and opened at Rs 49362. 22-carat gold has fallen by Rs 64 to 45216.
At the same time, the price of silver also softened by Rs 260 and opened at Rs 62858 per kg. February delivery gold on MCX closed at Rs 49302 per 10 gram in the previous session and opened up by Rs 113 to Rs 49415 on Friday.
But as the day progressed, it started declining. At 10:30 in the morning, it was trading at Rs 49273, falling by Rs 29. During this time it touched a low of Rs 49258 and a high of Rs 49415. However, gold for April delivery was up by Rs 169.