Gold prices fall after rising Rs 1500 in two days, silver also comes down

New Delhi: Gold, Silver prices, January 6, 2021: After going up for two consecutive days, gold prices on Wednesday came down slightly. On the Multi Commodity Exchange (MCX), gold and silver are showing a decline of one per cent.

February futures of gold MCX have climbed by Rs 1500 per 10 grams in two days, with a gain of Rs 1200 on Monday and Rs 300 on Tuesday. However, on Wednesday, the have come down. Gold had closed at Rs 51,720 per 10 gram with a rise of Rs 311 on Tuesday. On Tuesday, gold made an intra-day high of Rs 51,780 and touched a low of 51,333.

As on Wednesday, February futures of gold on MCX opened at by Rs 160 per 10 grams lower than the previous session. The prices are still trading at Rs 51,560 per 10 grams.

On the other hand, silver on Monday went 3% high and closed at Rs 70,180 per kg. Silver also closed higher by Rs 800 on Tuesday and touched an intra-day high of Rs 70,963.

Today, March futures on MCX opened with a fall of more than Rs 550 per kg. Currently, prices are above 70,300. But if the decline in silver increases, then all the gains earned tomorrow will be in vain.

Gold and silver prices in your city

10 grams of gold price

• Delhi: Rs 54,700
• Mumbai: Rs 51,320
• Kolkata: Rs 53,260
• Chennai: Rs 52,950

Here's the price of 1 kg of silver is in these four metro cities as per goodreturns.in

Price of 1 kg silver

• Delhi: Rs 70,200
• Mumbai: Rs 70,200
• Kolkata: Rs 70,200
• Chennai: Rs 74,500