Gold declines ₹54; silver tanks ₹178

Gold settled at ₹46,502 per 10 grams in the previous trade

January 10, 2022 04:53 pm | Updated 04:53 pm IST - New Delhi

Representational image.

Representational image.

Gold in the national capital on January 10 declined ₹54 to ₹46,448 per 10 grams in line with weak international precious metal prices along with rupee appreciation, according to HDFC Securities.

The precious metal settled at ₹46,502 per 10 grams in the previous trade.

Silver also dipped by ₹178 to ₹59,217 per kg, from ₹59,395 per kg in the previous trade.

The rupee surged 31 paise to close at 74.03 (provisional) against the US dollar on Monday. It appreciated by 18 paise to 74.16 against the U.S. dollar in the opening trade.

In the international market, gold was trading lower at $1,794 per ounce and silver was flat at $22.28 per ounce.

"Gold prices traded down with spot gold prices at COMEX trading at $1,794 per ounce on Monday. Gold prices traded under pressure on firm dollar and strong U.S. bond yields," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.