Gold prices drop today
Gold prices in Indian markets have fallen by about 10% so far this year, following a similar decline in world prices and the prices of gold and silver today have declined in Indian markets, followed by soft global prices. At MCX, gold futures fell 0.23% to 5,4,590 while silver declined to 64,840 kg. In the past, gold decreased by 0.35% and silver decreased by 0.5%. Earlier this month, the average gold prices for almost one year were as low as ₹ 44,150. After today's fall, the precious metal is about 500,11,500 from August at a height of 56,200. In international markets, gold prices have risen today at $ 1,726 per ounce but have been declining at about 1% per week. In the past, precious metals have hit one week low of $ 1,721. Among other precious metals, silver rose slightly to hold more than $ 25 while palladium increased by 0.2% to $ 2,614.51. "Gold remains under pressure as long as it stays below the $ 1,760 level. At present, the biggest liquidation pressure is on...