Markets

Gold slips by ₹48; silver up by ₹340

Gold in the national capital on June 16 dipped marginally by ₹48 to ₹47,814 per 10 gram amid muted global trends, according to HDFC Securities.

In the previous trade, the precious metal had closed at ₹47,862 per 10 gram.

In contrast, silver rose by ₹340 to ₹70,589 per kg, from ₹70,249 per kg in the previous trade.

In the international market, both gold and silver were trading flat at $1,859 per ounce and $27.78 per ounce, respectively.

HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Gold prices traded near four-week lows as traders and investors are awaiting outcome from the U.S. FOMC meeting.” Motilal Oswal Financial Services Vice-President (Commodities Research) Navneet Damani said, “Gold prices traded steady after a fall witnessed in the yesterday’s [June 15] session, due to a stronger dollar and an uptick in U.S. yields as investors look forward to the outcome of the U.S. Federal Reserve meeting.”


Our code of editorial values

This article is closed for comments.
Please Email the Editor

Printable version | Jul 25, 2021 11:22:43 AM | https://www.thehindu.com/business/markets/gold-slips-by-48-silver-up-by-340/article34831042.ece

Next Story