scorecardresearchGold declines ₹153 amid weak global trends, silver down ₹7; check rates here

Gold declines 153 amid weak global trends, silver down 7; check rates here

Updated: 06 Jan 2023, 06:45 PM IST
TL;DR.
  • The yellow metal had ended at 55,803 per 10 grams in the previous trade.
The yellow metal had ended at  <span class='webrupee'>₹</span>55,803 per 10 grams in the previous trade.

The yellow metal had ended at 55,803 per 10 grams in the previous trade.

(PTI) Gold price in the national capital declined 153 to 55,650 per 10 grams on Friday amid a fall in precious metal prices globally, according to HDFC Securities.

The yellow metal had ended at 55,803 per 10 grams in the previous trade.

Silver also fell 7 to 68,700 per kilogram.

"Gold price fall was extended after stronger than expected US job market data allowed US Fed to continue with higher interest rate," said an analyst at HDFC Securities.

In the overseas market, gold was quoting lower at USD 1,839.6 per ounce while silver was flat at USD 23.46 per ounce.

The US job market data pushed US dollar to a fresh one-month high. Rising interest rates and higher dollar index tend to weigh on yellow metals, the analyst added.

 

 

Article
Sovereign Gold Bonds (SGBs) are government securities denominated in gold with one gram as a basic unit.
First Published: 06 Jan 2023, 06:45 PM IST