Gold plunges Rs1,228, silver tanks Rs5,172

New Delhi, August 12

Gold costs tanked Rs 1,228 to Rs 52,946 per 10 gram within the nationwide capital on Wednesday as a consequence of restoration in greenback and coronavirus vaccine announcement by Russia, in line with HDFC Securities.

Silver costs additionally plunged Rs 5,172 to Rs 67,584 per kg from Rs 72,756 per kg within the earlier commerce.

“Spot gold prices for 24 carat in Delhi were down by Rs 1,228,” HDFC Securities Senior Analyst (Commodities) Tapan Patel mentioned.

In the worldwide market, gold was buying and selling with good points at USD 1,930 per ounce, whereas silver was quoting at $25.70 per ounce.

“Gold prices witnessed recovery on Wednesday after falling below $1,900 in morning trade,” he added.

Patel additional mentioned that coroanvirus vaccine announcement by Russia had triggered sell-off in safe-haven belongings. — PTI

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