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Gold rises ₹50; silver plunges ₹600
The Hindu
In the previous trade, the yellow metal had settled at ₹61,850 per 10 gram.
Gold price rose ₹50 to ₹61,900 per 10 gram in the national capital on Friday amid a jump in the precious metal's prices globally, according to HDFC Securities.
In the previous trade, the yellow metal had settled at ₹61,850 per 10 gram.
"Gold prices were slightly up on Friday, up by ₹50 against its previous close," said Saumil Gandhi, senior analyst of commodities at HDFC Securities.
However, silver plunged ₹600 to ₹74,300 per kg.
In the international markets, gold was up at $1,987 per ounce while silver was quoting lower at $22.61 per ounce.
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The U.S. President’s economic and tariff policies and measures to secure his country’s borders may seem justified in terms of promoting his nation’s interests but have wider ramifications not only for Americans themselves, but also for the rest of the world. His tariff proposals will result in supply chain disruptions, lead to market and currency volatility, disrupt capital and trade flows, contribute to inflation and cause a decline in world trade and economic growth, worsening the plight of the poor, especially in developing economies.