STOCK MARKET BSE NSE

Gold declines Rs 365; silver gains marginally

In the international market, gold was trading higher at USD 1,754 per ounce and silver was flat at USD 22.68 per ounce.

Published: 24th September 2021 04:28 PM  |   Last Updated: 24th September 2021 04:28 PM   |  A+A-

The minimum permissible investment in the SGB will be 1 gram of gold.

Representational image. (File Photo)

By PTI

NEW DELHI: Gold in the national capital on Friday declined by Rs 365 to Rs 45,141 per 10 grams reflecting an overnight plunge in international precious metal prices, according to HDFC Securities.

In the previous trade, the precious metal had settled at Rs 45,506 per 10 grams.

Silver gained marginally by Rs 21 to Rs 59,429 per kilogram from Rs 59,408 per kilogram in the previous trade.

In the international market, gold was trading higher at USD 1,754 per ounce and silver was flat at USD 22.68 per ounce.

"Gold prices pared some of the previous losses after falling below USD 1750 per ounce on Thursday," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.

Navneet Damani, VP, Commodities Research, Motilal Oswal Financial Services, "Gold traded steady after hovering around the $1750 level, amidst an increase in appetite for riskier assets, as investors continued to digest the fact about the sooner-than-expected interest rate hike and tapering action announced in the Fed policy meet." 



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.

edexworks
flipboard facebook twitter whatsapp