scorecardresearchAugust 12, 2022: Gold declines ₹90; silver falls ₹374

August 12, 2022: Gold declines 90; silver falls 374

Updated: 12 Aug 2022, 03:46 PM IST
TL;DR.

In the international market, both gold and silver were trading flat at USD 1,789 per ounce and USD 20.37 per ounce, respectively.

(FILES) This file photo taken on August 5, 2020 shows gold bullion bars after being inspected and polished at the ABC Refinery in Sydney. (Photo by DAVID GRAY / AFP)

(FILES) This file photo taken on August 5, 2020 shows gold bullion bars after being inspected and polished at the ABC Refinery in Sydney. (Photo by DAVID GRAY / AFP)

(PTI) Gold price in the national capital on Friday declined by 90 to 52,915 per 10 grams, according to HDFC Securities.

The precious metal had closed at 53,005 per 10 grams in the previous trade.

Silver also dipped by 374 to 59,166 per kg from 59,540 per kg in the previous trade.

In the international market, both gold and silver were trading flat at USD 1,789 per ounce and USD 20.37 per ounce, respectively.

"Gold prices are stuck in range over hawkish US Fed and soft inflation numbers while the weaker dollar has capped downside," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities. 

First Published: 12 Aug 2022, 03:46 PM IST