Gold declines marginally by Rs 44; silver tanks Rs 206


New Delhi, August 24

Gold costs witnessed unstable buying and selling on Monday and dipped marginally by Rs 44 to Rs 53,040 per 10 gram within the nationwide capital, in keeping with HDFC Securities.

In the earlier commerce, the valuable steel had closed at Rs 53,084 per 10 gram.

“Spot gold prices for 24 carat in Delhi traded volatile with rupee fluctuation as prices pared early gains with sharp rupee appreciation,” HDFC Securities Senior Analyst (Commodities) Tapan Patel stated.

Making a pointy U-turn, the rupee soared 52 paise to settle at 74.32 (provisional) in opposition to the US greenback on Monday, consistent with upbeat home equities and sustained international fund inflows.

Silver additionally declined by Rs 206 to Rs 68,202 per kg from Rs 68,408 per kg.

In the worldwide market, gold was buying and selling with features at USD 1,950 per ounce, whereas silver was quoting flat at USD 26.80 per ounce.

“Gold prices traded positive with spot international gold prices recovering to USD 1,950 per ounce on Monday,” he added. PTI



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