Market News
1 min read | Updated on July 25, 2024, 15:08 IST
SUMMARY
Market analysts said gold prices showed very high volatility and on Wednesday, the yellow metal witnessed a rise of ₹363 in the futures market.
Gold was trading 1.77% lower at USD 2,420.40 per ounce in New York
Gold prices on Thursday tumbled ₹1,120 to ₹67,832 per 10 grams in futures trade amid weak global cues.
On the Multi Commodity Exchange, gold contracts for August delivery plummeted ₹1,120 or 1.62% to ₹67,832 per 10 grams in a business turnover of 9,352 lots.
Market analysts said gold prices showed very high volatility and on Wednesday, the yellow metal witnessed a rise of ₹363 in the futures market.
"...on Thursday morning, we are seeing sharp declines in Gold...prices in the Asian markets amid intense risk-aversion, fuelled by mounting economic worries in China," Rahul Kalantri, VP of Commodities at Mehta Equities Ltd, said.
Globally, gold was trading 1.77% lower at USD 2,420.40 per ounce in New York.
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