Categories: Business

Gold and silver price down on weak global cues

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gold price today

new Delhi. On Wednesday, gold fell by Rs 210 to Rs 51,963 per 10 grams in the local bullion market following signs of weakness from foreign markets and an improvement in the value of the rupee. HDFC Securities gave this information. In the previous trading session, gold had closed at Rs 52,173 per 10 grams. Silver has seen a fall, with the price falling by Rs 1,077 to Rs 65,178 per kg. Silver had closed at Rs 66,255 per kg in the previous trading session. HDFC Securities Senior Analyst (Commodity) Tapan Patel said, "The 24-carat gold spot in Delhi continued to decline and it declined by Rs 210 due to rupee strength and global selling."

Navneet Damani, Vice-President (Commodity Research), Motilal Oswal Financial Services, said that "optimistic hopes of vaccine prospects of Kovid 19 and positive signals generated by US-China officials have aroused enthusiasm about the economy, which is why gold There is a steady decline in On Wednesday, the rupee strengthened by three paise to close at 74.30 per dollar on the back of domestic stock market boom and continued investment by foreign funds. In the international market, gold was declining at $ 1,918 an ounce, while silver was at $ 26.45 an ounce. Patel also said that gold continued to fall on Wednesday due to increased expectations about the Kovid-19 vaccine and reduced US-China trade tensions.

This post was published on August 26, 2020 10:47 pm

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