Gold tumbles ₹ 200; silver jumps ₹ 193

In the previous trade, the precious metal finished at ₹ 53,233 per 10 grams.

March 11, 2022 05:20 pm | Updated 05:20 pm IST - New Delhi

Woman trying gold ornaments at Musaddilal Jewellers in Hyderabad. File

Woman trying gold ornaments at Musaddilal Jewellers in Hyderabad. File | Photo Credit: Mohammed Yousuf

Gold tumbled ₹ 200 to ₹ 53,033 per 10 grams in the national capital on Friday in line with weak international precious metal prices, according to HDFC Securities.

In the previous trade, the precious metal finished at ₹ 53,233 per 10 grams.

Silver, however, jumped ₹ 193 to ₹ 70,449 per kg from ₹ 70,256 per kg in the previous trade.

In the international market, gold was trading lower at $ 1,990 per ounce and silver was flat at $ 25.84 per ounce.

"Gold traded down with spot prices at COMEX trading 0.40 % lower at $ 1,990 per ounce on Friday. Gold prices witnessed selling on mixed global cues over inflation worries awaiting U.S. FOMC decision next week," Tapan Patel, senior analyst (commodities) of HDFC Securities, 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.