scorecardresearchGold falls ₹100, silver plunges ₹400; check rates here

Gold falls 100, silver plunges 400; check rates here

Updated: 01 Sep 2023, 04:13 PM IST
TL;DR.

  • In the international markets, gold and silver prices were down at USD 1,942 per ounce and USD 24.50 per ounce, respectively.

The precious metal had settled at  <span class='webrupee'>₹</span>60,250 per 10 grams in the previous trade.

The precious metal had settled at 60,250 per 10 grams in the previous trade.

(PTI) Gold prices fell 100 to 60,150 per 10 grams in the national capital on Friday amid weak trends in global markets, according to HDFC Securities.

The precious metal had settled at 60,250 per 10 grams in the previous trade.

Silver also plunged 400 to 77,100 per kg.

Gold prices retreated from a multi-week high amid mixed US economic data and an uptick in the dollar index, Saumil Gandhi, senior analyst - Commodities at HDFC Securities, said.

In the international markets, gold and silver prices were down at USD 1,942 per ounce and USD 24.50 per ounce, respectively.

"Focus now shifts to manufacturing PMI data from major economies and to the all-important US unemployment rate and non-farm payrolls data scheduled later in the evening, which could trigger further volatility in bullions," Navneet Damani, senior vice-president of commodity research at Motilal Oswal Financial Services, said.

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First Published: 01 Sep 2023, 04:13 PM IST