Gold declines ₹420; silver jumps ₹500
The Hindu
Spot gold prices for the Delhi market traded at ₹60,380/ per 10 gram.
Gold price declined by ₹420 to ₹60,380 per 10 gram in the national capital on Thursday amid a fall in prices of the precious metal overseas, according to HDFC Securities.
The yellow metal had closed at ₹60,800 per 10 gram in the previous trade.
Silver, however, jumped ₹500 to ₹73,300 per kilogram.
"Spot gold prices for the Delhi market traded at ₹60,380/ per 10 gram, down by ₹420 per 10 gram," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
In the international markets, gold was quoting lower at $1,945 per ounce while silver was up at $23.65 per ounce.
Gold price came under pressure on the back of a rally in U.S. bond yields on expectations of further tightening of the interest rates by the U.S. Fed, Mr. Gandhi said.
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