Gold declines Rs 102, silver also tumbles Rs 269

In the international market, gold was trading higher at USD 1,882.50 per ounce, while silver was flat at USD 27.67 per ounce.

Published: 25th May 2021 04:49 PM  |   Last Updated: 25th May 2021 04:49 PM   |  A+A A-

gold demand - Akshaya Tritiya

For representational purpose. (Photo | Shriram BN, EPS)

By PTI

NEW DELHI: Gold dipped Rs 102 to Rs 48,025 per 10 gram in the national capital on Tuesday amid rupee appreciation, according to HDFC Securities.

In the previous trade, the precious metal had closed at Rs 48,127 per 10 gram. Silver also declined Rs 269 to Rs 70,810 per kilogram from Rs 71,079 per kilogram in the previous trade. "Spot gold prices for 24 carat in Delhi were down by Rs 102 pressured by rupee appreciation," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel. The Indian rupee strengthened by 13 paise to 72.83 against the US dollar in early trade on Tuesday.

In the international market, gold was trading higher at USD 1,882.50 per ounce, while silver was flat at USD 27.67 per ounce.

Now we are on Telegram too. Follow us for updates
TAGS
Gold price silver price
India Matters

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

Videos
Gallery