Gold falls Rs 2,200 to Rs 1.43 lakh/10gm; silver remains steady
Persistent domestic weakness and a stronger US dollar pushed spot gold lower, while silver stayed unchanged at Rs 1,87,500 per kg, traders said.
- Gold prices in New Delhi fell by Rs 2,200 to Rs 1.43 lakh per 10 grams on Thursday, extending a losing streak into its third consecutive session as domestic market weakness persisted.
- Amid a strong USD, global spot prices slipped below USD 3,950 an ounce, declining 1 per cent and exerting downward pressure on domestic bullion sentiment.
- Prices for 24 Carat Gold stand at Rs 13,849 per gram, while 22 Carat and 18 Carat gold prices decreased by Rs 120 and Rs 98 respectively from Nov 12.
- Silver remained unchanged at Rs 1,87,500 per kg domestically, though global silver prices fell 1.17 per cent to USD 51.06 an ounce.
- Saumil Gandhi, Senior Analyst- Commodities at HDFC Securities, noted that the strengthening USD continues to exert downward pressure on precious metals markets.
14 Articles
14 Articles
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Gold falls Rs 2,200 to Rs 1.43 lakh/10gm; silver remains steady
New Delhi, Nov 12: Gold prices extended their losing streak for the third session, declining by Rs 2,200 to Rs 1.43 lakh per 10 grams in the national capital on Thursday as persistent weakness in the domestic market weighed on bullion. The yellow metal of 99.9 per cent purity depreciated by Rs 2,200 to Rs 1,43,400 per 10 grams (inclusive of all taxes) from Wednesday’s close of Rs 1,45,600 per 10 grams, according to local traders. Silver, however…
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