Markets

Gold rises ₹31; silver declines by ₹190

Shop owners self-regulating themselves at Ranganathan Street, T. Nagar to prevent spreading of Coronavirus (COVID-19) on Wednesday.

Shop owners self-regulating themselves at Ranganathan Street, T. Nagar to prevent spreading of Coronavirus (COVID-19) on Wednesday.   | Photo Credit: K. Pichumani

Meanwhile, the domestic equity market continued to trade weak.

Gold on Thursday gained ₹31 to ₹40,718 per 10 gram in the national capital amid sharp rupee depreciation, according to HDFC Securities.

On Wednesday, it had closed at ₹40,687 per 10 gram.

Silver, however, declined by ₹190 to ₹35,444 per kg against the previous close of ₹35,634 per kg.

“Spot gold for 24 Karat in Delhi were trading up by ₹31 thanks to sharp rupee depreciation and steady international gold prices,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

In the international market, both gold and silver were trading flat at $1,482 per ounce and $11.97 per ounce, respectively.

Meanwhile, the domestic equity market continued to trade weak, with its BSE benchmark index trading over 500 points lower minutes before the final closing.

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Printable version | Apr 2, 2020 2:01:47 AM | https://www.thehindu.com/business/markets/gold-rises-31-silver-declines-by-190/article31109069.ece

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