Gold rises ₹50; silver plunges ₹400

Gold prices recovered from a recent low amid pullbacks in the U.S. dollar and 10-year Treasury yields.

October 06, 2023 04:50 pm | Updated 04:50 pm IST - New Delhi

Gold rings are seen on display for customers at a jewellery shop in Seoul. File

Gold rings are seen on display for customers at a jewellery shop in Seoul. File | Photo Credit: REUTERS

Gold price gained ₹50 to ₹57,400 per 10 grams in the national capital on Friday amid a rise in precious metal prices internationally, according to HDFC Securities.

In the previous trade, the yellow metal had ended at ₹57,350 per 10 grams.

However, silver plunged ₹400 to ₹70,900 per kilogram.

Gold prices recovered from a recent low amid pullbacks in the U.S. dollar and 10-year Treasury yields, Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.

In the overseas markets, gold was up at $1,822 per ounce, while silver was quoting lower at $20.95 per ounce.

Meanwhile, traders are looking ahead to U.S. labour data which is due later today, Mr. Gandhi said.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.