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Gold has extended decline to 2.62% or Rs 1,659 per 10 grams in 2024. Meanwhile, Silver futures have trimmed this years losses to 3.95% or Rs 2,940 from 4.13% or Rs 3,076 per kg in the last five sessions.
The dollar index (DXY) was trading slightly higher at 103.43 against a basket of six top currencies, up by 0.07 points or 0.07%. It has appreciated 1.05% over the past five trading sessions.
India Business News: Gold prices decline due to rise in dollar index; MCX February gold futures perform poorly. Experts suggest selling gold due to decline in investor int
The dollar index (DXY) was trading slightly lower at 102.90 against a basket of six top currencies, up by 0.50 points or 0.49%. It has appreciated 0.32% over the past five trading sessions.
Taking cues from the international market, MCX February gold futures were trading in the green. They were hovering around Rs 62,209 per 10 grams, up by Rs 421 or 0.68% from Thursday's closing price. Meanwhile, the March Silver futures were trading at Rs 71,897 per kg, higher by Rs 543 or 0.76%.