Gold prices in India fell by Rs 100 to Rs 63,450 per 10 grams on Tuesday, while silver declined Rs 300, according to HDFC Securities. The decline was attributed to weak global cues.
New Delhi, Jan 16 (PTI) Gold prices slipped Rs 100 to Rs 63,450 per 10 grams in the national capital on Tuesday amid weak global cues, according to HDFC Securities.
The precious metal had ended at Rs 63,550 per 10 grams in the previous trade.
Silver also declined Rs 300 to Rs 76,400 per kilogram.
Snapping the two-day winning streak, spot gold prices in the Delhi markets are trading at Rs 63,450/10 grams, down by Rs 100, Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said.
In the overseas markets, gold and silver were trading lower at USD 2,049 per ounce and USD 23.06 per ounce, respectively.
Following a recovery in the dollar and US Treasury yields, gold prices declined on Tuesday, Gandhi added.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback