Markets

Gold rises ₹52; silver falls ₹60

while silver was flat at $21.27 per ounce. File

while silver was flat at $21.27 per ounce. File | Photo Credit: R. Ragu

Gold price in the national capital rose by ₹52 to ₹50,770 per 10 grams on Tuesday, according to HDFC Securities.

In the previous trade, the yellow metal settled at ₹50,718 per 10 grams.

Silver, however, slipped by ₹60 to ₹60,128 per kg from ₹60,188 per kg in the previous trade.

The rupee plunged by 46 paise to close at record low of 78.83 (provisional) against the U.S. dollar on Tuesday, weighed down by persistent foreign capital outflows and a surge in crude oil prices.

In the international market, gold was trading higher at $1,827 per ounce while silver was flat at $21.27 per ounce.

"Gold prices have held bound range trading on mixed global cues on slowdown worries and larger rate hike expectations from U.S. Federal Reserve," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.


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Printable version | Jul 28, 2022 3:26:35 am | https://www.thehindu.com/business/markets/gold-rises-52-silver-falls-60/article65575846.ece