Gold Price Drops Rs 80, Silver Plummets Rs 700 - HDFC Securities
By Rediff Money Desk, NEWDELHI Feb 23, 2024 20:21
Gold prices fell by Rs 80 to Rs 62,720 per 10 grams in Delhi on Friday, while silver slumped by Rs 700 to Rs 74,500 per kg, according to HDFC Securities.
![Gold Price Drops Rs 80, Silver Plummets Rs 700 - HDFC Securities](https://im.rediff.com/money/2023/jan/30silver.jpg)
Photograph: Amit Dave/Reuters
New Delhi, Feb 23 (PTI) Gold prices slipped Rs 80 to Rs 62,720 per 10 grams in the national capital on Friday amid weak cues in the overseas markets, according to HDFC Securities.
In the previous trade, the precious metal had closed at Rs 62,800 per 10 grams.
Silver also plummeted Rs 700 to Rs 74,500 per kilogram, while it had closed at Rs 75,200 per kg in the previous close.
"Spot gold prices (24 carats) in the Delhi markets are trading at Rs 62,720 per 10 grams, down by Rs 80, taking bearish cues from overseas markets," Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.
In the international markets, spot gold at Comex was trading lower at USD 2,019 per ounce, down by USD 8 from the previous close.
Silver was also quoting lower at USD 22.60 per ounce, while it had ended at USD 23 per ounce.
In the previous trade, the precious metal had closed at Rs 62,800 per 10 grams.
Silver also plummeted Rs 700 to Rs 74,500 per kilogram, while it had closed at Rs 75,200 per kg in the previous close.
"Spot gold prices (24 carats) in the Delhi markets are trading at Rs 62,720 per 10 grams, down by Rs 80, taking bearish cues from overseas markets," Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.
In the international markets, spot gold at Comex was trading lower at USD 2,019 per ounce, down by USD 8 from the previous close.
Silver was also quoting lower at USD 22.60 per ounce, while it had ended at USD 23 per ounce.
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.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...