Gold and silver prices continue to fall on 4th day

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.