Gold declines Rs 54; silver tanks Rs 178
Gold in the national capital on Monday declined Rs 54 to Rs 46,448 per 10 grams in line with weak international precious metal prices along with rupee appreciation, according to HDFC Securities.
Gold in the national capital on Monday declined Rs 54 to Rs 46,448 per 10 grams in line with weak international precious metal prices along with rupee appreciation, according to HDFC Securities.
The precious metal settled at Rs 46,502 per 10 grams in the previous trade.
Silver also dipped by Rs 178 to Rs 59,217 per kg, from Rs 59,395 per kg in the previous trade.
The rupee surged 31 paise to close at 74.03 (provisional) against the US dollar on Monday.
It appreciated by 18 paise to 74.16 against the US dollar in the opening trade.
In the international market, gold was trading lower at USD 1,794 per ounce and silver was flat at USD 22.28 per ounce.
"Gold prices traded down with spot gold prices at COMEX trading at USD 1,794 per ounce on Monday.
Gold prices traded under pressure on firm dollar and strong US bond yields," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
04:42 PM IST
Gold trades flat at Rs 82,400 per 10 gm; silver plunges Rs 1,500 
Gold rises Rs 300 to Rs 81,400 per 10 grams on Dhanteras 
Precious metals rate today: Gold, silver prices rise on Dhanteras; gold up by Rs 244 at Rs 78,810/ 10 gm