Markets

Gold, silver witness muted trend

Representational image.

Representational image.   | Photo Credit: Reuters

Gold prices rise marginally by ₹8 to ₹38,828 per 10 gram; silver moves up ₹14 to ₹45,649 per kg

Gold prices witnessed a muted trend and rose marginally by ₹8 to ₹38,828 per 10 gram in the national capital on December 18, according to HDFC Securities.

In the previous trade, it had closed at ₹38,820 per 10 gram.

“Spot gold for 24 Karat in Delhi was trading marginally up by ₹8 witnessing monotonous trading with rupee fluctuations,” said Tapan Patel HDFC Securities Senior Analyst (Commodities).

The rupee was trading around 10 paise weaker against the dollar during the day, he added.

Silver also moved up by ₹14 to ₹45,649 per kg against previous close of ₹45,635 per kg.

In the international market, both gold and silver were trading with gains at $1,476.90 per ounce and $17.01 per ounce, respectively.

“Global markets are awaiting fresh triggers as investors are still pessimist over the U.S.-China trade truce as final deal may take longer time with completion of pledged action in phase 1 deal,” he said.

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Printable version | Feb 23, 2020 8:14:00 AM | https://www.thehindu.com/business/markets/gold-silver-witness-muted-trend/article30339071.ece

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