India News | Gold Plunges Rs 614, Silver Tanks Rs 1,609
Get latest articles and stories on India at LatestLY. Gold prices fell Rs 614 to Rs 49,763 per 10 gram in the national capital on Friday, tracking a weak global trend, according to HDFC Securities.
New Delhi, Jan 8 (PTI) Gold prices fell Rs 614 to Rs 49,763 per 10 gram in the national capital on Friday, tracking a weak global trend, according to HDFC Securities.
In the previous trade, the precious metal had closed at Rs 50,377 per 10 gram.
Silver prices also plunged Rs 1,609 to Rs 67,518 per kilogram from Rs 69,127 per kilogram in the previous trade.
In the international market, gold was trading lower at USD 1,889 per ounce, while silver was quoting flat at USD 26.68 per ounce.
"Gold prices witnessed sharp selling on Friday as dollar rebounded," HDFC Securities Senior Analyst (Commodities) Tapan Patel.
(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)