Gold and silver prices began Monday’s session on a weaker note on the Multi Commodity Exchange of India (MCX), as an appreciating U.S. dollar, driven by escalating tensions in the oil-rich Middle East, weighed on bullion.
Gold futures for June delivery slipped 0.68%, or Rs 1,000 per 10 grams, to trade at Rs 1,46,255 per 10 grams in early deals on Multi Commodity Exchange of India. Contracts for April and August maturities also declined by around 0.6% each.
Silver futures for May delivery on the same exchange fell about 0.5%, or Rs 1,059 per kilogram, to trade at Rs 2,26,895 per kg.
