Gold Price Falls Rs 100, Silver Slumps Rs 400 - HDFC Securities
By Rediff Money Desk, NEWDELHI Feb 20, 2024 20:51
Gold prices slipped Rs 100 to Rs 62,700 per 10 grams in Delhi on Tuesday, tracking a decline in global precious metal prices. Silver also slumped Rs 400 per kg.
![Gold Price Falls Rs 100, Silver Slumps Rs 400 - HDFC Securities](https://im.rediff.com/money/2023/jan/30silver.jpg)
Photograph: Amit Dave/Reuters
New Delhi, Feb 20 (PTI) Gold slipped Rs 100 to Rs 62,700 per 10 grams in the national capital on Tuesday amid a fall in precious metal prices globally, according to HDFC Securities.
The yellow metal had closed at Rs 62,800 per 10 grams in the previous trade.
Silver also slumped Rs 400 to Rs 75,600 per kilogram, while it had settled at Rs 76,000 per kg in the previous close.
"Spot gold prices (24 carats) in the Delhi markets are trading at Rs 62,700 per 10 grams, down by Rs 100, taking a negative trend from overseas markets," Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.
In the international markets, spot gold at Comex was trading at USD 2,018 per ounce, down by USD 2 from the previous close.
Also, silver was down at USD 23.01 per ounce, while it had ended at USD 23.09 per ounce in the previous trade.
Gold prices slightly declined on Tuesday as traders remained cautious before the release of the Federal Open Market Committee's (FOMC) meeting minutes due on Wednesday, which will shape the expectations for the US Federal Reserve's monetary policy interest rate outlook, Gandhi added.
The yellow metal had closed at Rs 62,800 per 10 grams in the previous trade.
Silver also slumped Rs 400 to Rs 75,600 per kilogram, while it had settled at Rs 76,000 per kg in the previous close.
"Spot gold prices (24 carats) in the Delhi markets are trading at Rs 62,700 per 10 grams, down by Rs 100, taking a negative trend from overseas markets," Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.
In the international markets, spot gold at Comex was trading at USD 2,018 per ounce, down by USD 2 from the previous close.
Also, silver was down at USD 23.01 per ounce, while it had ended at USD 23.09 per ounce in the previous trade.
Gold prices slightly declined on Tuesday as traders remained cautious before the release of the Federal Open Market Committee's (FOMC) meeting minutes due on Wednesday, which will shape the expectations for the US Federal Reserve's monetary policy interest rate outlook, 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.
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...