Home / Business / Business News / Article / Gold, silver surge on MCX as Sensex, Nifty slide; price of yellow metal falls by Rs 1,220 in Mumbai

Gold, silver surge on MCX as Sensex, Nifty slide; price of yellow metal falls by Rs 1,220 in Mumbai

Gold price surged in commodity markets while price in Mumbai dropped marginally. Investors turned to value buying after recent declines, while MCX gold futures gained over 1 per cent amid global uncertainty.

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While the market indices continued to fall down, the gold and silver prices in commodity markets surged marginally. As reported by news agency IANS, investors took to value buying after prices moderated due to huge declines in the previous session. 

Gold prices in Mumbai fall by Rs 1,220

While the gold prices in MCX gained significantly, the price of yellow metal in Mumbai experienced a marginal fall. The 24-carat gold in Mumbai lowered by Rs 1,220 since yesterday and stood at Rs 158,670 for 10 grams on Friday. Whereas the 22-carat gold in Mumbai stood at Rs 1,45,470 for 10 grams.

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