In Indian markets, gold prices today decreased in tandem with a decline in worldwide rates. On MCX, gold futures in August were down 0.55% at 34.939, while contracts in October were down 0.6% to some 0.35.506. There was also a sharp drop in tracking gold, silver prices. Silver agreements on MCX fell by almost 1 percent to about 40,886 per kg. On Monday, on the spot market in Delhi, gold prices had hit a fresh high of about € 35,970 per 10 grams. Gold prices have fallen today in worldwide markets as the US dollar has been strengthening and some investors have booked profit. Spot gold fell at $1,417.80 per ounce by 0.5 percent.
Last week, after New York Fed President John Williams boosted hopes of an aggressive price cut, gold prices exceeded $1,450 mark for the first time in more than six years.
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