Gold became cheaper by 9,000 rupees from the record level!
This week has seen a steady decline in the price of gold. This week, gold futures have weakened by Rs 600 per 10 grams. Apart from futures, gold prices have also softened in the bullion market. On Monday, the June futures of gold on MCX closed extremely close to Rs 48,000 per 10 grams. After this, there has been a continuous decline this week. Due to this, gold has slipped to 47,300 level. On Friday too, a steady decline in the price of gold has been observed. The June futures of gold on MCX appear to be trading with a weakness of 100 rupees.
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