Finance
Gold Price In India: Gold and silver futures dropped on Monday, March 14, taking cues from the international rates. On the Multi Commodity Exchange (MCX), gold futures, due for an April 5 delivery, were last seen 0.5 per cent down at ₹ 52,611, compared to the previous close of ₹ 52,878. Silver futures, due for a May 5 delivery, were last seen 0.78 per cent lower at ₹ 69,822 against the previous close of ₹ 70,370.
Domestic spot gold with a purity of 24 carats opened at ₹ 52,152 per 10 grams on Monday, and silver at ₹ 69,203 per kilogram – both rates excluding GST (goods and services tax), according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA).
Further, gold imports rose 73 per cent to $45.1 billion during the April-February period of the current financial year owing to higher demand, data released by the Commerce Ministry showed.
Foreign Exchange Rates:
Globally, gold lost some of its safe-haven charm, easing 0.5 per cent to $1,975 an ounce and away for last week’s peak at $2,069.
