Gold slips by Rs 264; silver gains marginally

New Delhi: Gold in the national capital on Thursday dipped Rs 264 to Rs 46,452 per 10 gram with decline in global precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade on Tuesday the precious metal had closed at Rs 46,716 per 10 gram.

In contrast, silver gained marginally by Rs 4 to Rs 65,484 per kilogram from Rs 65,480 per kilogram in the previous trade.

The Indian rupee strengthened by 18 paise to 74.43 against the US dollar in early trade on Thursday.

In the international market, gold was trading lower at $1,797 per ounce and silver was flat at $25.17 per ounce.

“Gold prices traded down to the lowest levels in two weeks witnessing selling with rise in US bond yields and dollar index,” according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.

News

Articles You May Like

ForexLive Asia-Pacific FX news wrap: USD/JPY lower
Buying FTSE China A50 index (XIN9) on the monthly chart
IBM shares jump on earnings and revenue beat
Dow Jones Industrial Average plunges 400 points after Wednesday’s US PMI miss
Gold Price Today: Yellow metal, silver open flat after sharp declines post Budget pinch

Leave a Reply

Your email address will not be published.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