scorecardresearchGold gains ₹107, silver declines ₹120; check rates here

Gold gains 107, silver declines 120; check rates here

Updated: 16 Dec 2022, 05:15 PM IST
TL;DR.
In the international market, gold was trading in green at USD 1,783.80 per ounce while silver was down at USD 23.07 per ounce.
In the previous trade, the yellow metal had settled at  <span class='webrupee'>₹</span>54,115 per 10 grams.

In the previous trade, the yellow metal had settled at 54,115 per 10 grams.

(PTI) Gold prices rose 107 to 54,222 per 10 grams in the national capital on Friday amid gains in prices of precious metal in overseas markets, according to HDFC Securities.

In the previous trade, the yellow metal had settled at 54,115 per 10 grams.

Silver, however, declined 120 to 68,001 per kilogram.

"Domestic market Gold price got support from weaker rupee. Comex Gold prices are trading in the green zone in the Asian trading hours," said Dilip Parmar, Research Analyst at HDFC Securities.

In the international market, gold was trading in green at USD 1,783.80 per ounce while silver was down at USD 23.07 per ounce.

"Gold price traded steady after witnessing a fall and are set for a weekly loss, pressured by expectations of higher interest rates for a longer period by the US Federal Reserve. Focus today will be on the EU CPI, UK Retail sales, manufacturing and service PMI data from major economies," Navneet Damani, Senior VP – Commodity Research at Motilal Oswal Financial Services, said.

 

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First Published: 16 Dec 2022, 05:15 PM IST