scorecardresearchGold declines ₹150, silver tumbles ₹850; check rates here

Gold declines 150, silver tumbles 850; check rates here

Updated: 26 Sep 2023, 04:26 PM IST
TL;DR.

  • In the international markets, both gold and silver were quoting lower at USD 1,912 per ounce and USD 23.05 per ounce, respectively.

In the previous trade, the precious metal had finished at  <span class='webrupee'>₹</span>60,050 per 10 grams.

In the previous trade, the precious metal had finished at 60,050 per 10 grams.

(PTI) Gold prices declined by 150 to 59,900 per 10 grams in the national capital on Tuesday amid weak global cues, according to HDFC Securities.

In the previous trade, the precious metal had finished at 60,050 per 10 grams.

Silver also tumbled 850 to 74,500 per kilogram.

In the international markets, both gold and silver were quoting lower at USD 1,912 per ounce and USD 23.05 per ounce, respectively.

Comex gold slipped to a two-week low, weighed down by strong gains in the US dollar and bond yields amid speculation that central banks will keep interest rates elevated for longer to rein in inflation, Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.

Meanwhile, in futures trade, the October contract of gold fell 30 to 58,671 per 10 grams. Also, December contract of silver plunged 111 to 72,039 per kg on the MCX.

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First Published: 26 Sep 2023, 04:26 PM IST