MCX Gold was once buying and selling at Rs 28,953 per 10 gram, down through zero.23% or Rs sixty six, whereas MCX Silver used to be buying and selling at Rs 39,504 per 1 kg down with the aid of 0.forty eight% or Rs 190. US buck is strengthening which is performing as a terrible issue for Gold.
A subdued demand for Gold, Silver and treasured metals has led to the marginal decrease costs for Gold and Silver within the early alternate on Monday.
MCX Gold was trading at Rs 28,953 per 10 gram, down by way of zero.23% or Rs sixty six, while MCX Silver was once buying and selling at Rs 39,504 per 1 kg down by means of zero.48% or Rs one hundred ninety. US dollar is strengthening which is acting as a negative issue for Gold.
The GST Council revised charges of 66 items on Sunday which includes slashing the tax rate for jewelry making expenses to 5% from the sooner 18% .
meanwhile, main indices available in the market are trading decrease within the first half of of Monday’she buying and selling session. Nifty buying and selling decrease via 46 factors at 9,621 stage and Sensex is buying and selling decrease via 153 factors at 31,108 level as of 1140 hours on Monday.
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