Commodities
Gold and Silver Prices Rise Amid Muted Demand on September 30
Gold and silver prices rose on September 30 due to muted demand. The movement in global bullion prices comes amid subdued demand, which has weighed on domestic gold futures. On the Multi Commodity Exchange (MCX), gold contracts for October delivery fell by Rs 171, or 0.11 per cent.
Market analysts attributed the decline in gold prices to weaker demand in the spot market. Gold futures also witnessed a decline in international markets. In New York, prices fell 0.25 per cent to $4,277 per ounce.
Silver prices also dropped on Thursday, tracking the weakness seen in the broader precious metals market. The current silver price in Delhi stands at Rs 240 per gram and Rs 240,000 per kg.