News

Gold gains by Rs 82; silver tumbles to Rs 61,907

New Delhi: Gold in the national capital on Monday rose by Rs 82 to Rs 45,952 per 10 gram in line with the firm global trends and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 45,870 per 10 gram.

“Spot gold prices for 24 carat in Delhi rose by Rs 82 in line with firm COMEX gold prices and rupee depreciation,” according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.

In contrast, silver tumbled Rs 413 to Rs 61,907 per kilogram from Rs 62,320 per kilogram in the previous trade.

The Indian rupee depreciated 18 paise to 73.68 against the US dollar in opening trade on Monday.

In the international market, gold was trading with gains at $1,790 per ounce and silver was flat at $23.66 per ounce.

“Gold prices kept a higher trading range, halting the previous decline despite a stronger dollar,” he added.

Articles You May Like

Key economic releases and events next week
USDCHF trading up and down in a narrow range
Norwegian Cruise Line shares fall as revenue, outlook lag pre-pandemic levels
ForexLive Asia-Pacific FX news wrap: AUD dribbles lower after jobs data
Gold Price Forecast: XAU/USD slides beneath $1,800 on DXY rebound ahead of Fed Minutes

Leave a Reply

Your email address will not be published.