India News | Gold Falls Rs 100 to Rs 58,950/10 Grams; Silver Prices Remain Flat

New Delhi, Jun 29 (PTI) Gold prices declined Rs 100 to Rs 58,950 per 10 grams in the national capital on Thursday amid a decline in precious metal prices globally, according to HDFC Securities.

The precious metal had closed at Rs 59,050 per 10 grams in the previous trade.

Also Read | Chhattisgarh Bridge Collapse Video: Portion of Under-Construction Bridge Collapses Due to Heavy Rain in Durg District.

However, silver prices remained flat at Rs 71,250 per kilogramme.

Gold extended losses on Thursday, with spot gold prices in the Delhi markets trading at Rs 58,950/10 grams, down by Rs 100 per 10 grams, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

Also Read | ‘Scam S4 - The Byju Scam’ Hansal Mehta Calls Out Byju’s, Opens Up About Personal Experience With the Learning App!.

In the overseas markets, gold was trading lower at USD 1,904 per ounce, while silver was flat at USD 22.74 per ounce.

Comex spot gold fell to nearly a level of USD 1,900 per ounce in today's session as investors weighed the latest hawkish commentary from US Fed Chair Jerome Powell on Wednesday, which indicated that the policymakers could potentially raise interest rates in July and September, Gandhi said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)