Markets

Gold falls ₹ 136; silver declines ₹ 346

Customer looks at gold earrings at a jewellery showroom. File   | Photo Credit: REUTERS

Gold prices fell ₹ 136 to ₹ 48,813 per 10 gram in the national capital on Friday amid a rupee appreciation and choppy global precious metal prices, according to HDFC Securities.

In the previous trade, the precious metal had closed at ₹ 48,949 per 10 gram.

The rupee appreciated by 16 paise to 73.77 against the US dollar in the opening session on Friday.

Silver also declined ₹ 346 to ₹ 63,343 per kg, from ₹ 63,689 per kg in the previous day.

In the international market, gold was trading with marginal gains at USD 1,842 per ounce and silver was flat at USD 24.20 per ounce.

HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Gold prices continued upside as dollar decline boosted buying in precious metals. The renewed stimulus hopes have pushed dollar down supporting buying in bullion prices.”

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Printable version | Jan 28, 2021 11:00:37 AM | https://www.thehindu.com/business/markets/gold-falls-136-silver-declines-346/article33249353.ece

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