Gold declines Rs 326, silver tanks Rs 945


New Delhi, September 21

Gold costs fell Rs 326 to Rs 52,423 per 10 gram within the nationwide capital on Monday, in keeping with a weak world development and rupee appreciation, in line with HDFC Securities.

In the earlier commerce, the dear steel had closed at Rs 52,749 per 10 gram.

Silver costs additionally declined Rs 945 to Rs 68,289 per kilogram from Rs 69,234 per kilogram within the earlier commerce.

Meanwhile, the rupee strengthened 7 paise and closed at 73.38 (provisional) towards the US greenback on Monday, at the same time as home equities plunged.

In the worldwide market, gold was buying and selling decrease at USD 1,940 per ounce, whereas silver was quoting flat at USD 26.50 per ounce.

“Gold prices traded under pressure on dollar recovery,” HDFC Securities Senior Analyst (Commodities) Tapan Patel stated.

Navneet Damani, VP – Commodities Research, Motilal Oswal Financial Services stated, “Gold prices erased earlier gains to trade lower due to an uptick in dollar”. PTI

 



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