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Gold plunges ₹430 ahead of Akshay Tritiya; silver tumbles by ₹670

Retail demand is likely to improve on Akshay Tritiya, which is considered an auspicious day.

April 21, 2023 04:10 pm | Updated 06:26 pm IST - New Delhi

PTI

Gold prices plunged by ₹430 to ₹60,550 per 10 grams in the national capital on Friday amid weak global cues, according to HDFC Securities.

In the previous trade, the precious metal had settled at ₹60,980 per 10 grams.

Silver also tumbled ₹670 to ₹75,080 per kg.

Retail demand is likely to improve on Akshay Tritiya, which is considered an auspicious day to buy valuables and gold, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said. Akshay Tritiya is falling on Saturday.

In the overseas markets, gold and silver were quoting lower at $1,988 per ounce and $25.12 per ounce, respectively.

Related Topics

market and exchange / gold and precious material

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