scorecardresearchGold falls by ₹195, silver drops by ₹223
Mintgenie

Gold falls by ₹195, silver drops by ₹223

Team MintGenie
Updated: 01 Aug 2022, 03:43 PM IST
TL;DR.

In the international market, gold was quoting lower at USD 1,764 per ounce while silver was flat at USD 20.21 per ounce.

(FILES) This file photo taken on August 5, 2020 shows gold bullion bars after being inspected and polished at the ABC Refinery in Sydney. - Four G7 powers will ban Russian gold exports in a new bid to stop oligarchs from buying the precious metal to avoid the impact of sanctions against Moscow, Britain said on June 26, 2022. The joint action taken by Britain, Canada, Japan and the United States, will directly hit Russian oligarchs and strike at the heart of (President Vladimir) Putin's war machine, said British Prime Minister Boris Johnson. (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. - Four G7 powers will ban Russian gold exports in a new bid to stop oligarchs from buying the precious metal to avoid the impact of sanctions against Moscow, Britain said on June 26, 2022. The joint action taken by Britain, Canada, Japan and the United States, will directly hit Russian oligarchs and strike at the heart of (President Vladimir) Putin's war machine, said British Prime Minister Boris Johnson. (Photo by DAVID GRAY / AFP)

(PTI) Gold prices declined by ₹195 to ₹51,947 per 10 grams in the national capital on Monday amid weak global cues and rupee appreciation, according to HDFC Securities.

The precious metal had closed at ₹52,142 per 10 grams in the previous trade.

Silver declined by ₹223 to ₹58,731 per kg from ₹58,954 per kg in the previous trade.

The rupee strengthened by 13 paise to 79.11 against the US dollar in opening trade on Monday.

In the international market, gold was quoting lower at USD 1,764 per ounce while silver was flat at USD 20.21 per ounce.

"Gold prices traded weak with spot gold prices at COMEX trading around 0.14 per cent down," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities. 

First Published: 01 Aug 2022, 03:43 PM IST

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