Blitz Bureau
NEW DELHI: Gold and silver prices traded lower on June 29, with the yellow metal slipping below the Rs 1.44 lakh mark and the white metal hovering near Rs 2.23 lakh amid weak global cues.
On the Multi Commodity Exchange (MCX), gold futures (August) opened at Rs 1,44,180 per 10 grams, marginally higher than the previous close of Rs 1,44,162. However, selling pressure emerged later.
At around 10 am, the yellow metal was trading at Rs 1,43,470, down Rs 692 or 0.48 per cent. So far in the session, it has touched an intraday high of Rs 1,44,180 per 10 grams — its opening price — and a low of Rs 1,43,454, down 0.49 per cent or Rs 708.
On the other hand, silver futures (September) traded largely flat in early deals.
The white metal opened at Rs 2,23,912 per kg against the previous close of Rs 2,23,472. At the last count, it was trading at Rs 2,23,174 per kg, down Rs 298 or 0.13 per cent.
So far during the session, silver has touched a high of Rs 2,24,248 per kg and a low of Rs 2,22,641, down 0.37 per cent or Rs 831.
Similarly, in the international market, precious metals were trading lower, with COMEX gold down 0.41 per cent at $4,078 per ounce, while COMEX silver declined more than 1 per cent to $58.52 per ounce.
