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Gold prices fall by Rs 1,244, silver drops over 3 per cent on MCX

Gold prices fell sharply by Rs 1,244 on Tuesday, while silver dropped more than 3 per cent on the MCX amid developments surrounding Iran-US peace talks. Meanwhile, Sensex gained over 275 points, and Nifty crossed the 24,000 mark in early trade

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Representational image. File pic

Representational image. File pic

Gold and silver prices continue their downward trajectory on Tuesday. The prices of yellow metal on Tuesday fell significantly by Rs 1,244. The significant decline in price comes amid ongoing turmoil around the peace talks between Iran and the US. 

On the Multi Commodity Exchange (MCX), gold futures declined by 1.23 per cent to Rs 1,40,904 per 10 grams at 11:10 pm on an intraday basis.

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