News

NEW DELHI: Gold in the national capital on Thursday was marginally up by Rs 9 to Rs 46,981 per 10 gram with firm global trends and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,972 per 10 grams.

Silver, however, declined Rs 902 to Rs 67,758 per kilogram from Rs 68,660 per kilogram in the previous trade.

The rupee depreciated 17 paise to 74.79 against the US dollar in opening trade on Thursday.

In the international market, gold was trading higher at $1,807 per ounce and silver was flat at $26 per ounce.

“Gold prices were supported by fall in US treasury yields,” according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.

Navneet Damani, VP – Commodities Research, Motilal Oswal Financial Services said, “Gold traded steady hovering above $1,800 as lower US treasury yields countered a stronger dollar.

Articles You May Like

Market trading guide: Motilal Oswal, KIMS among 5 stock recommendations for Monday
Renewed US Tariff Concerns and German Instability Hammer Euro
The USDCAD remains within an up and down range this week, with the bias tilting to upside.
FTX filed for bankruptcy 2 years ago — What’s happening now?
WTI drops to near $68.00 as OPEC cuts demand view