New Delhi: Gold costs slipped by Rs 80 to Rs 62,270 per 10 grams within the nationwide capital on Thursday amid a fall within the costs of the dear steel in world markets, in keeping with HDFC Securities.
The yellow steel had ended at Rs 62,350 per 10 grams within the earlier commerce. However, silver rallied by Rs 600 to Rs 74,600 per kilogram, whereas it had closed at Rs 74,000 per kg within the earlier session.
“Spot gold prices (24 carats) in the Delhi markets are trading at Rs 62,270 per 10 grams, down by Rs 80, taking bearish cues from overseas markets,” mentioned Saumil Gandhi, senior analyst of commodities at HDFC Securities. (Also Read: Tata Group, Assam Govt To Build Rs 25,000 Cr Semiconductor Packaging Plant: MoS IT)
In the worldwide markets, spot gold at Comex was buying and selling at USD 1,993 per ounce, down by USD 2 from the earlier shut. However, silver was buying and selling larger at USD 22.50 per ounce, whereas it had settled at USD 21.97 per ounce within the earlier session.
Following better-than-expected US Consumer Price Index (CPI) knowledge that prompted buyers to scale back their bets on early Federal Reserve rate of interest cuts, gold continues to hover beneath the important thing USD 2,000 mark, mentioned Navneet Damani, senior vice-president of commodity analysis at Motilal Oswal Financial Services. (Also Read: Garlic Prices Soar Above Rs 550 In UP, Several Cities Register Price Hike In The Kitchen Staple)
Source: zeenews.india.com
