Gold falls ₹250 to ₹73,700 per 10 grams; silver stays flat
The Hindu
Gold prices fell from an all-time high level and traded lower by ₹250 at ₹73,700 per 10 grams in the national capital on April 18
Gold prices fell from an all-time high level and traded lower by ₹250 at ₹73,700 per 10 grams in the national capital on April 18 amid a decline in the yellow metal's rates in the global markets, according to HDFC Securities.
The precious metal had settled at ₹73,950 per 10 grams in the previous session.
"Spot gold prices (24 carats) in the Delhi markets are trading at ₹73,700 per 10 grams, down by ₹250 against the previous day close," Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said.
However, silver prices remained flat at ₹86,500 per kg.
Commodity markets were closed on April 17 on account of Ram Navami.
In the international markets, spot gold at Comex was trading at $2,375 per ounce, down by $13 from the previous close.
Gold prices fell on April 18 on an indication that the U.S. Federal Reserve will take longer than expected to lower interest rates after a hawkish comment from the U.S. Federal Reserve Chair Jerome Powell, Gandhi said.
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