Gold plunges Rs 360; silver tumbles Rs 1,200

Gold prices declined by Rs 360 to Rs 59,750 per 10 grams in the national capital on Wednesday amid weak cues from overseas markets, according to HDFC Securities.

Gold plunges Rs 360; silver tumbles Rs 1,200
The precious metal had ended at Rs 60,110 per 10 grams in the previous trade. Image Courtesy: Pixabay

Gold prices declined by Rs 360 to Rs 59,750 per 10 grams in the national capital on Wednesday amid weak cues from overseas markets, according to HDFC Securities.

The precious metal had ended at Rs 60,110 per 10 grams in the previous trade. Silver also tumbled Rs 1,200 to Rs 72,300 per kilogramme.

"Gold extended losses on Wednesday, with spot gold prices in the Delhi markets trading at Rs 59,750/10 grams, down Rs 360 per 10 grams, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

In the international markets, gold and silver were trading lower at USD 1,936 per ounce and USD 23.09 per ounce, respectively.

"Federal Reserve Chair Jerome Powell will deliver his semi-annual testimony to Congress later today, which could provide more insight on the interest-rate path ahead," Gandhi said.

Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com.

 

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

https://www.zeebiz.com/personal-finance/photo-gallery-latest-fd-interest-rates-for-senior-citizens-know-what-major-banks-like-icici-bank-hdfc-bank-of-baroda-sbi-canara-bank-axis-bank-providing-currently-on-fixed-deposits-calculator-327278

Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits

https://www.zeebiz.com/personal-finance/photo-gallery-gratuity-calculator-inr-rs-38000-as-last-drawn-basic-salary-pay-and-5-years-5-months-of-service-know-gratuity-amount-payment-act-1972-eligibility-criteria-conditions-employer-employees-wage-327018

Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?

https://www.zeebiz.com/trending/photo-gallery-delhi-aqi-today-air-pollution-level-falls-to-very-poor-quality-schools-closed-work-from-home-started-in-office-government-bans-firecrackers-sale-on-ecommerce-sites-city-records-lowest-temperature-327481

Delhi AQI Today: Air quality index level drops; city records season's lowest temperature

https://www.zeebiz.com/personal-finance/photo-gallery-top-5-small-cap-mutual-funds-with-best-sip-xirr-returns-in-1-year-calculator-inr-rs-25000-monthly-investment-has-grown-to-355000-nifty-150-tri-bse-invesco-edelweiss-hsbc-franklin-nav-aum-327419

Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme

https://www.zeebiz.com/personal-finance/photo-gallery-top-7-sbi-sip-mutual-funds-with-highest-sip-return-xirr-in-1-year-capital-gains-calculator-how-inr-rs-25000-monthly-investment-has-grown-to-bse-sp-nifty-multi-large-health-tech-banking-326674

Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404

https://www.zeebiz.com/markets/stocks/photo-gallery-adani-group-stocks-nosedive-heres-what-anil-singhvi-suggests-327508

Adani group stocks nosedive: Buy or Sell? Here's what Anil Singhvi says

https://www.zeebiz.com/personal-finance/photo-gallery-sbi-state-bank-of-india-5-years-fixed-deposit-fd-vs-post-office-monthly-income-scheme-mis-where-can-you-get-more-income-in-5-years-on-investment-of-rs-200000-see-calculations-327293

SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations

https://www.zeebiz.com/trending/news-rains-in-tamil-nadu-orange-alert-issues-for-november-26-regional-meteorological-centre-cyclone-south-andaman-sea-puducherry-karaikkal-327505

Tamil Nadu Weather News: Heavy rain likely in TN, orange alert issued for Nov 26

https://www.zeebiz.com/markets/stocks/photo-gallery-psu-and-largecap-shares-to-buy-short-term-bse-sensex-nse-nifty-pick-of-the-day-327460

Stocks to buy: Hindustan Aeronautics, Zomato, Tata Tech, GMR Airports among analysts' top picks

https://www.zeebiz.com/markets/stocks/photo-gallery-multibagger-defence-psu-stock-garden-reach-shipbuilders-and-engineers-grse-share-price-nse-bse-target-by-brokerage-new-order-327304

Multibagger Defence PSU Stock: Shares to be in focus as company signs new pact - Check targets by brokerage

Written By: PTI
Updated: Wed, Jun 21, 2023
08:14 PM IST
PTI
RELATED NEWS
Gold prices dip 6% amid stronger Dollar and US inflation concerns Gold prices dip 6% amid stronger Dollar and US inflation concerns
Gold price sparkle continues to diminish, down Rs 5,000/10 gm in 1 week: Good time to buy Gold ETFs? Gold price sparkle continues to diminish, down Rs 5,000/10 gm in 1 week: Good time to buy Gold ETFs?
Gold trades flat at Rs 82,400 per 10 gm; silver plunges Rs 1,500 Gold trades flat at Rs 82,400 per 10 gm; silver plunges Rs 1,500

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x