scorecardresearchGold falls ₹370, silver plunges ₹550; check rates here

Gold falls 370, silver plunges 550; check rates here

Updated: 23 Jun 2023, 05:22 PM IST
TL;DR.

  • In the international markets, both gold and silver were down at USD 1,916 per ounce and USD 22.30 per ounce, respectively.

In the previous trade, the yellow metal had closed at  <span class='webrupee'>₹</span>59,550 per 10 grams.

In the previous trade, the yellow metal had closed at 59,550 per 10 grams.

(PTI) Gold prices softened 370 to 59,180 per 10 grams in the national capital on Friday amid weak trends in overseas markets, according to HDFC Securities.

In the previous trade, the yellow metal had closed at 59,550 per 10 grams.

Silver also plunged 550 to 70,950 per kilogramme.

"Gold edged lower on Friday, with spot gold prices in the Delhi markets trading at 59,180/10 gram down by 370 per 10 gram," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

In the international markets, both gold and silver were down at USD 1,916 per ounce and USD 22.30 per ounce, respectively.

Gold prices extended losses and hit fresh three-month lows in today's session after the Bank of England delivered a surprise 50 basis point rate hike, which was larger than the market had anticipated as the central bank struggles to tame the highest inflation, Gandhi said.

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First Published: 23 Jun 2023, 05:22 PM IST