The stock market fell today. At the same time, the brightness of gold in the futures market faded, today silver remained weak. While the futures price of crude oil also fell. Today, traders reduced the size of their deals due to weak demand, which led to the fall in gold, silver and crude oil in the futures market on Thursday.
Gold future prices fall due to sluggish demand
Due to weak spot demand, traders cut their deals, leading to a loss of 0.26 per cent to Rs 48,740 per 10 grams in futures trade on Thursday. At the Multi Commodity Exchange, gold futures delivered in February lost Rs 125, or 0.26 per cent, to Rs 48,740 per 10 grams. It traded for 3,621 lots. In the international market, New York, gold was trading at $ 1,839.20 an ounce, indicating a loss of 0.52 percent.
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In futures market, silver futures lost Rs 758 to Rs 65,778 per kg on Thursday. At the Multi Commodity Exchange, silver for delivery in March declined by Rs 758, or 1.14 per cent, to Rs 65,778 per kg, with a business turnover of 11,945 lots. Globally, silver was down by 1.28 per cent to $ 25.07 an ounce in New York.
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Crude oil prices fell by 0.98 per cent to Rs 3,855 per barrel on Thursday in the futures market. At the Multi Commodity Exchange, the price of crude oil for delivery in February was Rs 38, or 0.98 per cent, at Rs 3,855 per barrel. It traded for 3,489 lots. Globally, West Texas Intermediate crude in New York was trading at $ 52.53 per barrel, a loss of 0.61 per cent, while Brent crude was down 0.48 per cent at $ 55.54 per barrel.