Gold falls Rs 148, silver declines Rs 886

News

NEW DELHI: Gold prices on Wednesday fell Rs 148 to Rs 46,307 per 10 grams in the national capital, due to overnight selling in global prices and rupee appreciation, according to HDFC Securities. The precious metal had closed at Rs 46,455 per 10 grams in the previous session.

Silver also declined Rs 886 to Rs 68,676 per kilogram, compared with the close of Rs 69,562 per kilogram in the previous trade.

HDFC Securities Senior Analyst (Commodities) Tapan Patel said: “Spot gold prices for 24 karat gold at Delhi traded down by Rs 148 reflecting overnight selling in global gold prices and rupee appreciation.”

The spot rupee was trading around 12 paise stronger against the dollar.

In the international markets, gold prices were trading steady at $1,807 an ounce and silver was almost flat at $27.63.

Articles You May Like

Bank of England holds rates but vote split surprises markets
Trump’s tariff threats don’t seem so bad
Gold buyers make a last ditch effort to try and maintain some control
Gold falls Rs 200 to Rs 79,100 per 10 gm; silver rises Rs 500
Dallas Fed trimmed mean November PCE price index +1.8% vs +2.9%

Leave a Reply

Your email address will not be published.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