scorecardresearchGold falls ₹52, silver tumbles ₹850; check rates

Gold falls 52, silver tumbles 850; check rates

Updated: 19 Jan 2023, 04:53 PM IST
TL;DR.
  • In the overseas market, gold was quoting lower at USD 1,901 per ounce while silver was up at USD 24.23 per ounce.
In the overseas market, gold was quoting lower at USD 1,901 per ounce while silver was up at USD 24.23 per ounce.

In the overseas market, gold was quoting lower at USD 1,901 per ounce while silver was up at USD 24.23 per ounce.

(PTI) Gold prices fell by 52 to 56,475 per 10 grams in the national capital on Thursday amid weak global trends, according to HDFC Securities.

The precious metal closed at 56,527 per 10 grams in the previous trade.

Silver also tumbled 850 to 68,500 per kg.

"Spot gold prices in the Delhi markets traded at 56,475 per 10 grams, down 52 per 10 grams," said an analyst at HDFC Securities.

In the overseas market, gold was quoting lower at USD 1,901 per ounce while silver was up at USD 24.23 per ounce.

"BOJ policy meet yesterday disappointed the market expectations, as the central bank kept it's policy unchanged and also with no changes in its YCC or interest rates weighing on the safe haven assets," said Navneet Damani, Senior VP – Commodity Research at Motilal Oswal Financial Services.

Market participants will keep their eyes on the US housing data, Philly fed manufacturing index and comments from fed officials, Damani said.

 

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First Published: 19 Jan 2023, 04:53 PM IST