India News | Gold Marginally Lower; Silver Gains Rs 101
Get latest articles and stories on India at LatestLY. Gold in the national capital on Wednesday dipped marginally by Rs 13 to Rs 50,935 per 10 grams in line with weak trends in international precious metal prices along with rupee appreciation, according to HDFC Securities.
New Delhi, May 25 (PTI) Gold in the national capital on Wednesday dipped marginally by Rs 13 to Rs 50,935 per 10 grams in line with weak trends in international precious metal prices along with rupee appreciation, according to HDFC Securities.
In the previous trade, the precious metal settled at Rs 50,948 per 10 grams.
Also Read | Waghdoh, Maharashtra's Oldest Tiger, Dies of Old Age at Tadoba Andhari Tiger Reserve.
Silver, however, gained Rs 101 to Rs 61,567 per kg from Rs 61,466 per kg in the previous trade.
In the international market, gold was trading lower at USD 1,857 per ounce and silver dipped marginally to USD 21.91 per ounce.
Also Read | Meta Releases AI Platform To Develop Prosthetics Along With Realistic 3D Avatars.
"Gold prices traded down with spot gold prices at COMEX trading 0.44 per cent lower at USD 1,857 per ounce on Wednesday. Gold prices traded weak on stronger dollar as traders and investors are awaiting for minutes from the US FOMC (Federal Open Market Committee)," Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.
(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)