Markets

Gold up marginally by ₹5, silver falls ₹91

Representational image.

Representational image.   | Photo Credit: Mohammed Yousuf

Gold prices rose marginally higher by ₹5 to ₹39,105 per 10 gram; Silver fell by ₹91 to ₹46,809 per kilogram

Gold witnessed muted trading on October 15, rising marginally higher by ₹5 to ₹39,105 per 10 gram in the national capital as a weaker rupee kept the downside limited, according to HDFC Securities.

“Spot gold prices for 24 Karat in Delhi were trading marginally up by ₹5 at ₹39,105 as weaker rupee kept the downside limited. Spot rupee was trading 10 paise weaker against the dollar during the day,” Tapan Patel, senior analyst - commodities, HDFC Securities said.

The yellow metal had closed at ₹39,100 per 10 gram in the previous trade in New Delhi.

Silver, however, fell by ₹91 to ₹46,809 per kilogram from ₹46,900 per kilogram on October 14.

In the global market, gold was trading higher at $1,493.30 an ounce, while silver too firmed up at $17.62 per ounce.

“International gold prices were trading firm for the day on rising doubts over first phase of U.S.-China trade deal after China signalled to hold more discussions before signing the agreement,” Mr. Patel said.

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Printable version | Jun 3, 2020 11:37:31 AM | https://www.thehindu.com/business/markets/gold-up-marginally-by-5-silver-falls-91/article29690971.ece

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