STOCK MARKET BSE NSE

Gold tumbles Rs 232 to Rs 38,486 per 10 gram on stronger rupee

The Indian rupee appreciated by 33 paise to 70.50 against the US dollar in the early trade on Friday. Silver prices fell marginally by Rs 7 to Rs 45,189 per kg from Rs 45,196 per kg on Thursday.

Published: 13th December 2019 04:16 PM  |   Last Updated: 13th December 2019 04:16 PM   |  A+A-

gold, jewellery, ornaments

For representational purposes. (Photo | Satish Babu, EPS)

By PTI

NEW DELHI: Gold prices on Friday fell by Rs 232 to Rs 38,486 per 10 gram in the national capital on the stronger rupee, according to HDFC Securities.

In the previous trade, the precious metal had closed at Rs 38,718 per 10 gram. "Spot gold for 24 Karat in Delhi fell by Rs 232, reflecting overnight fall in international prices. Gold prices witnessed additional pressure on stronger rupee with a fall in the dollar index. The spot rupee was trading around 15 paise higher during the day," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

The Indian rupee appreciated by 33 paise to 70.50 against the US dollar in the early trade on Friday. Silver prices fell marginally by Rs 7 to Rs 45,189 per kg from Rs 45,196 per kg on Thursday.

In the international market, both gold and silver were trading with marginal gains at USD 1,470 per ounce and USD 16.93 per ounce, respectively.

Gold prices traded steady with international spot gold prices trading near USD 1,470 per ounce on Friday witnessing decline from recent highs on possible phase 1 trade deal between the US and China, Patel added.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp