True: Gold prices fall for the third day in a row from August 31, 2020.

By: Madhukar PB
September 3 2020

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True: Gold prices fall for the third day in a row from August 31, 2020.

Fact-Check

The Verdict True

The future price of gold was ₹51,024 on September 02, 2020, which continues to fall the third day in row ₹51,405.

Claim ID abe44761

The future price of gold was ₹51,024 on September 02, 2020, which continues to fall the third day in row ₹51,405. The Gold prices fell for three consecutive days as the traders booked profit. The futures contract (delivery on November 05, 2020) of Gold 999 fell to ₹51,401 on September 01, from August 31 price of ₹51,405. The yellow metal continued to fall and was priced at ₹51,024 on September 02, 2020. Similarly, Gold spot prices continued to fall from August 31, the closing price of ₹51,921 to ₹51,702 on September 01. The cost of gold continued to fall for the third day in a row on September 02, as it closed at ₹51,112.

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