Gold rate falls by just this much, silver jumps by Rs 400
Gold rate falls by just this much, silver jumps by Rs 400
Gold prices fell by Rs 50 to Rs 72,350 per 10 grams in the national capital on Tuesday amid a fall in the prices of the precious metal globally. HDFC Securities gave this information. However, silver jumped by Rs 400 to Rs 91,300 per kg.
Commodity markets were partially closed on Monday on the occasion of Eid-ul-Azha. Dilip Parmar, Senior Research Analyst at HDFC Securities, said, “In Delhi markets, spot gold prices (24 carat) are trading at Rs 72,350 per 10 grams, down by Rs 50 from the previous session.”
In international markets, spot gold on Comex reached US $ 2,319 an ounce, down US $ 2 from its previous close. The yellow metal declined on Tuesday as a result of risk-on sentiment across markets. Domestic gold prices were also affected by higher price, stronger rupee and weak physical demand, Parmar said.
Meanwhile, silver edged higher to $29.35 an ounce. According to Praveen Singh, Associate VP, Fundamental Currency and Commodities at Sharekhan by BNP Paribas, key US macroeconomic data, including retail sales advances (May) and industrial production (May), will be released on Tuesday. Investors will keep an eye on this.
