Updated Jan 09, 2021 | 08:46 IST
On MCX Gold Futures for February delivery slipped by Rs 2086 or 4.10% and Silver to Rs 48,818 per 10 gram. Gold futures slip over Rs 2,000 in a day; check latest spot prices in Delhi, Mumbai, Kolkata | Photo Credit: IANS
New Delhi: It was tough for precious metals on the bourses on Friday as both gold and silver futures tumbled in line with the international market.
On Multi Commodity Exchange of India (MCX), Gold Futures for February delivery slipped by Rs 2086 or 4.10% as compared to previous day s closing price. Silver futures were down by Rs 6,100 or 8.8% on Friday to close at Rs 63,850 per kg on the day on MCX.
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Tata group firm Titan on Wednesday said its jewellery division has recovered from the COVID-19 pandemic jolt, entering the growth phase, and other divisions have moved closer to full recovery led by festive season sales in the third quarter of the current fiscal. The company had reported an unprecedented net loss of Rs 297 crore in the April-June quarter due to the pandemic. Its standalone net profit declined 37.81 per cent to Rs 199 crore for the quarter ended September 30, 2020 as against a net profit of Rs 320 crore in the corresponding period of the preceding fiscal. The company had been expecting a good festive season given the fact that there were signs that customers wanted to feel good by stepping out and shopping after 6 months of being restricted primarily to their homes.