Gold tumbles ₹ 191; silver plunges ₹ 1,062

File photo for representation.   | Photo Credit: REUTERS

Gold tumbled ₹ 191 to ₹ 46,283 per 10 gram in the national capital on Friday in-line with decline in global precious metal prices, according to HDFC Securities.

In the previous trade, the precious metal had closed at ₹ 46,474 per 10 gram.

Silver also plunged ₹ 1,062 to ₹ 67,795 per kilogram from ₹ 68,857 per kilogram in the previous trade.

In the international market, gold was trading down at USD 1,769 per ounce and silver was flat at USD 25.92 per ounce.

"Gold prices pared early gains on US economic recovery with better-than-expected US GDP numbers. The rise in US bond yields also pressured gold prices to trade weak," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.

Navneet Damani, VP – Commodities Research, Motilal Oswal Financial Services, "Gold prices traded lower as positive US economic data and higher US treasury yields dampened the metal's appeal."

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Printable version | Jun 17, 2021 2:35:23 AM |

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