Markets

Gold declines marginally by ₹35; silver jumps ₹295

In the previous trade, the yellow metal finished at ₹51,732 per 10 grams.

In the previous trade, the yellow metal finished at ₹51,732 per 10 grams. | Photo Credit: SPECIAL ARRANGEMENT

Gold prices in the national capital on Friday declined marginally by ₹35 to ₹51,697 per 10 grams amid rupee appreciation, according to HDFC Securities.

In the previous trade, the yellow metal finished at ₹51,732 per 10 grams.

In contrast, silver jumped ₹295 to ₹66,752 per kg from ₹66,457 per kg in the previous trade.

The rupee appreciated 13 paise to settle at 75.90 (provisional) against the U.S. dollar on Friday, amid the RBI maintaining status quo on the benchmark lending rate.

In the international market, gold and silver were flat at $1,931 per ounce and $24.65 per ounce, respectively.

"Gold prices traded steady with spot gold prices at COMEX trading at $1,931 per ounce on Friday," Retail Research Analyst at HDFC Securities Dilip Parmar said.


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Printable version | Jun 20, 2022 11:11:34 pm | https://www.thehindu.com/business/markets/gold-declines-marginally-by-35-silver-jumps-295/article65303076.ece