scorecardresearchGold drops ₹70, silver tumbles ₹400; check rates here

Gold drops 70, silver tumbles 400; check rates here

Updated: 09 Aug 2023, 04:16 PM IST
TL;DR.

  • In the global markets, gold was trading lower at USD 1,929 per ounce while silver was up at USD 23.84 per ounce.

In the previous trade, the yellow metal had settled at  <span class='webrupee'>₹</span>60,120 per 10 gram.

In the previous trade, the yellow metal had settled at 60,120 per 10 gram.

(PTI) Gold price fell by 70 to 60,050 per 10 gram in the national capital on Wednesday amid a decline in rates of the precious metal overseas, according to HDFC Securities.

In the previous trade, the yellow metal had settled at 60,120 per 10 gram.

Silver also tumbled 400 to 73,600 per kilogram.

In the global markets, gold was trading lower at USD 1,929 per ounce while silver was up at USD 23.84 per ounce.

Gold prices are stuck in a lower range as investors await US inflation data for July to be released on Thursday for further cues on the Fed's monetary policy path, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

Meanwhile, in futures trade, the October contract of gold declined by 12 to 59,236 per 10 gram in afternoon deals on MCX. Also, September contract of silver plunged by 105 to 70,111 per kg on MCX.

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First Published: 09 Aug 2023, 04:16 PM IST