Gold value in India witnessed an enormous drop once more on Thursday, monitoring the abroad market. On the Multi-Commodity Trade (MCX), August gold contracts slumped 0.47 per cent to Rs 47,450 for 10 grams at 0928 hours on July 22. Yellow metallic costs dropped for the second time in three days amid weak world cues. One other treasured metallic Silver additionally tanked on Thursday. Silver September future tanked 0.97 per cent to Rs 67,036 a kilogram on July 22.
Within the worldwide market gold costs slumped close to a greater than one-week low on Thursday. Spot gold was down 0.3% at $1,798.27 per ounce, as of 0313 GMT. US gold futures eased 0.3% to $1,798.70 per ounce, in response to Reuters.