Precious Metals Prices Plummet on NYMEX
The New York Merchantile Exchange (NYMEX) saw declines in precious metals prices on September 24. The price of gold futures dropped by 0.43% to $4263.00, while silver futures decreased by 1.43% to $63.46. Platinum futures also fell, down by 0.25% to $1752.30. These figures are based on the measurement unit of 1 troy ounce (31.1 grams). NYMEX is a US futures market founded in 1882, with two divisions: the NYMEX Division and the COMEX Division.
The NYMEX Division handles trades for oil, gas, platinum, palladium, ethanol, coal, electricity, and carbon dioxide emissions. The COMEX Division focuses on gold, silver, copper, and aluminum trades. This information provides a general overview of the market dynamics at play in the precious metals sector.