Gold and silver prices in India continued their fall today, extending losses to the fourth day. On MCX, October gold futures were down 0.45% to ₹49,293 per 10 gram while silver futures lost 3% to ₹56,710 per kg. In four days, gold has lost about ₹2,500 per 10 gram so far. In the previous session, gold had slumped 1.9% or ₹950 while silver had crashed 4.5% or ₹2,700 per kg.
In global markets, gold prices continued their downward movement today, falling to a more than two-month low. Investors remained cautious ahead of US jobless claims data due later in the day while a robust dollar weighed on the precious metal.