scorecardresearchGold falls ₹146; silver declines ₹794

Gold falls 146; silver declines 794

Updated: 31 Oct 2022, 03:06 PM IST
TL;DR.
In the international market, gold was trading lower at USD 1,641.8 per ounce while silver was down at USD 19.08 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.  (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.  (Photo by DAVID GRAY / AFP)

(PTI) Gold price in the national capital fell 146 to 50,612 per 10 grams on Monday amid a drop in precious metal prices in the overseas market along with appreciation in rupee, according to HDFC Securities.

In the previous trade, the yellow metal had touched 50,758 per 10 grams.

Silver also declined by 794 to 57,305 per kilogram.

In the international market, gold was trading lower at USD 1,641.8 per ounce while silver was down at USD 19.08 per ounce.

The rupee appreciated 15 paise to 82.32 against the US dollar in early trade on Monday tracking easing crude oil prices and a positive trend in domestic equities.

"Gold has been in a downtrend, heading for its longest monthly losing streak in decade and expected to remain under pressure. Spot gold's outlook remains weak with surging US bond yields and the dollar index," said Dilip Parmar, Research Analyst at HDFC Securities. 

First Published: 31 Oct 2022, 03:06 PM IST