Markets

Gold declines ₹ 342; silver plummets by ₹ 2,007

Best bet: Continued remonetisation by RBI buoyed consumer sentiment, encouraging demand.  

Gold prices on Friday declined by ₹ 342 to ₹ 45,599 per 10 grams and silver plummeted by ₹ 2,007 to ₹ 67,419 per kg in the national capital, due to selling in the international market, according to HDFC Securities.

The precious metal had closed at ₹ 45,941 per 10 grams on Thursday.

Silver plummeted by ₹ 2,007 to ₹ 67,419 per kg, compared with the previous close of ₹ 69,426 per kg.

HDFC Securities Senior Analyst (Commodities) Tapan Patel said, "Spot prices for 24 karat gold at Delhi fell for the third day by ₹ 342, in line with selling in global gold prices despite of sharp rupee depreciation." In the international market, gold was trading lower at $ 1,760 an ounce, while silver was down at $ 26.78 an ounce.

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Printable version | Apr 22, 2021 2:17:12 AM | https://www.thehindu.com/business/markets/gold-declines-342-silver-plummets-by-2007/article33941776.ece

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