Gold declines Rs 259; silver tanks Rs 110

In the previous trade, the precious metal had closed at Rs 48,386 per 10 gram. Silver also dipped Rs 110 to Rs 70,274 per kg, from Rs 70,384 per kg in the previous trade.

Published: 10th June 2021 03:47 PM  |   Last Updated: 10th June 2021 03:47 PM   |  A+A A-

gold, gold ornaments, gold price

Gold ornaments on display at a shop in Kochi. (Photo | EPS)

By PTI

NEW DELHI: Gold in the national capital on Thursday declined Rs 259 to Rs 48,127 per 10 grams amid weak global trends, according to HDFC Securities.

In the previous trade, the precious metal had closed at Rs 48,386 per 10 gram.

Silver also dipped Rs 110 to Rs 70,274 per kg, from Rs 70,384 per kg in the previous trade.

HDFC Securities Senior Analyst (Commodities) Tapan Patel said, "Spot gold prices for 24 karat in Delhi fell by Rs 259 reflecting decline in COMEX (New York-based commodity exchange) gold prices."

In the international market, gold was trading lower at USD 1,880 per ounce and silver was flat at USD 27.65 per ounce.

Gold prices traded lower with firm dollar, he added.

Motilal Oswal Financial Services Vice-President (Commodities Research) Navneet Damani said, "Gold prices edged lower after trading steady in the past few trading sessions, weighed down by a firmer dollar."

He added that investors sat on the sidelines waiting for clearer signals on inflation levels and economic growth ahead of US data and the European Central Bank meeting later in the day.

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