Gold rose by Rs 137; Silver falls by Rs 160
According to HDFC Securities, gold on Wednesday rose by Rs 137 to Rs 47,311 per 10 grams in the national capital amid a fall in the rupee. In the previous trade, this precious metal had closed at Rs 47,174 per 10 grams.
Conversely, silver fell by Rs 160 to Rs 63,482 per kg from Rs 63,642 per kg in the previous trade.
On Wednesday, the rupee had lost 32 paise to close at 74.37 against the US dollar. In the international market, gold was trading flat at $ 1,827 an ounce and silver at $ 24.30 an ounce.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Spot gold in Comex was trading marginally lower at USD 1,827 an ounce on Wednesday. Gold prices traded under pressure from a strong dollar and US bonds. Yields picked up.”
(with PTI input)
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