scorecardresearchGold declines ₹270, silver plunges ₹320; check rates here

Gold declines 270, silver plunges 320; check rates here

Updated: 03 Apr 2023, 05:35 PM IST
TL;DR.

  • In the overseas market, both gold and silver were trading lower at USD 1,964 per ounce and USD 23.80 per ounce, respectively.

The precious metal had settled at  <span class='webrupee'>₹</span>59,750 per 10 gram in the previous trade.

The precious metal had settled at 59,750 per 10 gram in the previous trade.

(PTI) Gold price declined 270 to 59,480 per 10 gram in the national capital on Monday amid weak global trends, according to HDFC Securities.

The precious metal had settled at 59,750 per 10 gram in the previous trade.

Silver also plunged 320 to 71,780 per kg.

"Spot gold prices in the Delhi markets traded at 59,480 per 10 gram, down 270 per 10 gram," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

In the overseas market, both gold and silver were trading lower at USD 1,964 per ounce and USD 23.80 per ounce, respectively.

"Comex gold prices traded down in Asian trading hours on Monday after a surprise output cut from OPEC that sparked inflation concerns and raised bets that the US Federal Reserve may have to continue its aggressive policy path amid elevated inflation.

"Prices also pulled back as the US dollar and the benchmark treasury yields remained elevated in the trading session," Sriram Iyer, Senior Research Analyst at Reliance Securities, said.

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First Published: 03 Apr 2023, 05:35 PM IST