Gold prices on December 23 declined ₹252 to ₹49,506 per 10 gram in the national capital, according to HDFC Securities.
In the previous trade, the precious metal had closed at ₹49,758 per 10 gram.
Silver also dipped ₹933 to ₹66,493 per kg, from ₹67,426 per kg in the previous trade.
In the international market, gold was quoting with gains at $1,868 per ounce and silver was flat at $25.53 per ounce.
Navneet Damani, vice-president (commodities research) of Motilal Oswal Financial Services, said, “Gold prices edged higher as grim U.S. consumer and housing data bolstered hopes for further stimulus to support an economic recovery.”
He, however, added that a new coronavirus strain in the U.K. has caused several countries around the world to shut their borders to Britain, and drug makers are scrambling to test their COVID-19 vaccines against it. “This has given further support to the metal prices.”
You have reached your limit for free articles this month.
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Personalised recommendations
A select list of articles that match your interests and tastes.
Faster pages
Move smoothly between articles as our pages load instantly.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Briefing
We brief you on the latest and most important developments, three times a day.
Support Quality Journalism.
*Our Digital Subscription plans do not currently include the e-paper, crossword and print.
A letter from the Editor
Dear subscriber,
Thank you!
Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.
The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.
We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.
Suresh Nambath
