Markets

Gold declines ₹268; silver tanks ₹1,126

For representational purpose only.   | Photo Credit: AP

Gold prices in the national capital went down by ₹268 to ₹50,860 per 10 grams on Tuesday amid a decline in international prices of the precious metal, according to HDFC Securities.

In the previous trade, the precious metal had closed at ₹51,128 per 10 gram.

Silver also witnessed muted trend and tanked ₹1,126 to ₹62,189 per kilogram from ₹63,315 per kilogram in the previous trade.

In the international market, gold dipped to trade at $1,901 per ounce and silver was flat at $24.37 an ounce.

“Gold prices traded down as investors awaited outcome of stimulus deadline of Tuesday,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

Motilal Oswal Financial Services Vice-President (Commodities Research) Navneet Damani said, “Gold prices continue to trade in a narrow range amid the caution set in ahead of the deadline to reach an agreement on a new US coronavirus stimulus, diminishing the metal’s appeal.”

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Printable version | Nov 27, 2020 12:03:00 PM | https://www.thehindu.com/business/markets/gold-declines-268-silver-tanks-1126/article32901330.ece

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