News

Gold gains marginally; silver declines by Rs 902

NEW DELHI: Gold in the national capital on Thursday was marginally up by Rs 9 to Rs 46,981 per 10 gram with firm global trends and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,972 per 10 grams.

Silver, however, declined Rs 902 to Rs 67,758 per kilogram from Rs 68,660 per kilogram in the previous trade.

The rupee depreciated 17 paise to 74.79 against the US dollar in opening trade on Thursday.

In the international market, gold was trading higher at $1,807 per ounce and silver was flat at $26 per ounce.

“Gold prices were supported by fall in US treasury yields,” according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.

Navneet Damani, VP – Commodities Research, Motilal Oswal Financial Services said, “Gold traded steady hovering above $1,800 as lower US treasury yields countered a stronger dollar.

Articles You May Like

Yen Softens Amid Rising Treasury Yields, But Loss Limited
Traffic Light Strategy | Intraday Trading Strategy For Options Buyers/Sellers/Job Holders
Risk-On Sentiment Continued, Dollar Relatively Resilient Despite Receding June Hike Expectations
World Bank sees major economies growing at much slower pace thanks to higher rates and banking stress
Decoding a previous 2023 S&P 500 forecast: A closer look at the 4400 key level

Leave a Reply

Your email address will not be published. Required fields are marked *