scorecardresearchGold plunges ₹550, silver down ₹900; check rates here

Gold plunges 550, silver down 900; check rates here

Updated: 15 Jun 2023, 04:54 PM IST
TL;DR.

In the overseas markets, both gold and silver were trading lower at USD 1,932 per ounce and USD 23.36 per ounce, respectively.

Gold vs Silver

Gold vs Silver

(PTI) Gold price plunged 550 to 59,700 per 10 gram in the national capital on Thursday amid weak global trends, according to HDFC Securities.

The precious metal had ended at 60,250 per 10 gram in the previous trade.

Silver also tumbled 900 to 72,600 per kilogram.

"Gold extended its fall in Asian trading hours on Thursday, with spot gold price in the Delhi markets at 59,700/10 gram, down 550 per 10 gram," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

In the overseas markets, both gold and silver were trading lower at USD 1,932 per ounce and USD 23.36 per ounce, respectively.

Investor sentiment turned moderately bearish in precious metals after the Federal Reserve signalled it would resume rate hike to cool down inflation, Gandhi said.

 

First Published: 15 Jun 2023, 04:54 PM IST