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-power-of-compounding-how-soon-will-monthly-sip-of-rs-11000-reach-rs-8-crore-corpus-target-retirement-financial-planning-with-sip-calculator-334296

Power of Compounding: How soon will monthly SIP of Rs 11,000 reach Rs 8 crore corpus target?

https://www.zeebiz.com/market-news/news-short-term-investment-ideas-stocks-to-buy-for-15-days-axis-direct-recommends-fortis-healthcare-aegis-logistics-check-targets-334316

Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets

https://www.zeebiz.com/personal-finance/photo-gallery-rs-3500-monthly-sip-for-35-years-vs-rs-35000-monthly-sip-for-16-years-which-can-give-you-higher-corpus-in-long-term-compound-interest-benefits-mutual-fund-return-calculator-retirement-planning-334249

Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations

https://www.zeebiz.com/personal-finance/photo-gallery-ppf-interest-rate-maturity-retirement-corpus-planning-calculator-how-to-get-inr-rs-72000-month-tax-free-income-from-public-provident-fund-calculations-80c-tax-benefits-333983

PPF Calculations: How to get Rs 72,000 a month tax-free income from Public Provident Fund?

https://www.zeebiz.com/personal-finance/news-rs-1111-monthly-sip-for-40-yrs-11111-for-20-yrs-or-22222-for-10-years-which-works-best-at-same-expected-return-334395

Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?

Written By: PTI
Updated: Wed, Jun 21, 2023
08:14 PM IST
PTI
RELATED NEWS
Gold may experience steady, albeit modest growth in 2025: WGC Gold may experience steady, albeit modest growth in 2025: WGC
Gold price dips by Rs 190 to Rs 78,960/10 grams, silver rate climbs by Rs 350 to Rs 93,850/kg Gold price dips by Rs 190 to Rs 78,960/10 grams, silver rate climbs by Rs 350 to Rs 93,850/kg
Silver prices crash again, slip to Rs 90,000-mark; gold prices decline too Silver prices crash again, slip to Rs 90,000-mark; gold prices decline too

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