Gold Price Today: Yellow metal falls by Rs 1,900/10 gms in a week, silver down by Rs 4,800/kg
Over the past week, gold prices have dropped by Rs 1,900 per 10 grams, while silver has seen a larger decline of Rs 4,900 per kg.
On Monday, gold and silver settled on a mixed note in the domestic and international markets. Gold February futures contract settled at Rs77,061 per 10 grams with a loss of 0.10% while silver March futures contract settled at Rs 91,183 per kilogram with a gain of 0.20%.
Gold and silver were traded in a tight range amid mixed U.S. economic data. The U.S. flash manufacturing PMI showed a reading of 58.5 against an expected reading of 55.7. The reading shows that activity in the service sector reached its highest level in three years.
The U.S. manufacturing sector continues to show contraction in December month and shows a reading of 48.3 against the expected reading of 49.4 and it hits three-month lows in December month. The U.S. Empire State manufacturing index also fell in December month of 0.2 against the previous month's reading of 31.2.
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