STOCK MARKET BSE NSE

Gold falls by Rs 145 on weak global trends, strong rupee

Silver also lost ground and fell by Rs 315 to Rs 46,325 per kg from the previous close of Rs 46,640 per kg.

Published: 18th October 2019 03:36 PM  |   Last Updated: 18th October 2019 03:36 PM   |  A+A-

Gold, Jewellery, silver

For representational purpose. (Photo | A Sanesh)

By PTI

NEW DELHI: Gold prices on Friday declined Rs 145 to Rs 38,925 per 10 gram in the national capital on weak global trends and a strong rupee, as per HDFC Securities.

On Thursday, the precious metal had closed at Rs 39,070 per 10 gram. "Spot gold price for 24 Karat in Delhi was trading down by Rs 145 to Rs 38,925 on weak global prices and a stronger rupee. The spot rupee was trading 5 paise stronger against the dollar during the day," HDFC Securities Senior Analyst - Commodities, Tapan Patel said.

Silver also lost ground and fell by Rs 315 to Rs 46,325 per kg from the previous close of Rs 46,640 per kg.

In the international market, gold was ruling lower at USD 1,488 an ounce and silver at USD 17.46 per ounce. "The international gold prices traded lower on easing worries over Brexit deal," he 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