Markets

Gold plunges ₹ 491; silver tumbles ₹ 724

File photo for representation.   | Photo Credit: PTI

Gold in the national capital on Thursday plunged ₹ 491 to ₹ 45,735 per 10 gram amid a decline in international precious metal prices and rupee appreciation, according to HDFC Securities.

In the previous trade, the precious metal had settled at ₹ 46,226 per 10 grams.

Silver also tumbled ₹ 724 to ₹ 61,541 per kilogram from ₹ 62,265 per kilogram in the previous trade.

The Indian rupee inched higher by 5 paise to 73.45 against the U.S. dollar in opening trade on Thursday.

In the international market, gold was trading lower at $ 1,786 per ounce and silver was flat at $ 23.60 per ounce.

"Gold prices traded weak falling below $1,790 per ounce with a rally in US bond yields," according to HDFC Securities Senior Analyst (Commodities), Tapan Patel.


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Printable version | Oct 19, 2021 1:39:03 AM | https://www.thehindu.com/business/markets/gold-plunges-491-silver-tumbles-724/article36494301.ece

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