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(PTI) Gold prices plunged by ₹430 to ₹60,550 per 10 grams in the national capital on Friday amid weak global cues, according to HDFC Securities.

In the previous trade, the precious metal had settled at ₹60,980 per 10 grams.

Silver also tumbled ₹670 to ₹75,080 per kg.

Retail demand is likely to improve on Akshay Tritiya, which is considered an auspicious day to buy valuables and gold, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said. Akshay Tritiya is falling on Saturday.

In the overseas markets, gold and silver were quoting lower at USD 1,988 per ounce and USD 25.12 per ounce, respectively.

Gold plunges ₹430 ahead of Akshay Tritiya, silver tumbles by ₹670; check rates here

<ul><li>In the overseas markets, gold and silver were quoting lower at USD 1,988 per ounce and USD 25.12 per ounce, respectively.</li></ul>

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<ul><li>The stock climbed 3.25 per cent to settle at ₹2,891.95 on the BSE. During the day, it rallied 3.95 per cent to ₹2,911.65.</li></ul>

Coal India share sale oversubscribed; government to get more than ₹4,000 crore

<ul><li>In the two-day offer for sale (OFS), the government sold its 18.48 crore shares or 3 per cent stake in Coal India at a floor price of ₹225 apiece. At the floor price, the stake sale would fetch over ₹4,000 crore to the exchequer.</li></ul>

Rupee rises 9 paise to close at 82.31 against US dollar

<ul><li>At the interbank foreign exchange market, the local unit opened on a positive note against the US dollar and settled at 82.31 (provisional), up 9 paise over its previous close.</li></ul>

Gold jumps ₹350, silver zooms ₹650; check rates here

<ul><li>In the international markets, both gold and silver were trading higher at USD 1,976 per ounce and USD 23.84 per ounce, respectively.</li></ul>

Market Wrap: Sensex, Nifty rise on gains in metal, auto stocks

<ul><li>The 30-share BSE Sensex climbed 118.57 points or 0.19 per cent to settle at 62,547.11. During the day, it jumped 291.3 points or 0.46 per cent to 62,719.84. The NSE Nifty advanced 46.35 points or 0.25 per cent to finish at 18,534.10.</li></ul>

Gold plunges ₹430 ahead of Akshay Tritiya, silver tumbles by ₹670; check rates here

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