Gold prices on Wednesday fell by Rs 226 to Rs. 45618 per 10 grams in the national capital's bullion market in line with the fall in precious metals in the international market.
New Delhi.Gold prices on Wednesday fell by Rs 226 to Rs 45,618 per 10 grams in the national capital's bullion market in line with the fall in precious metals in the international market.HDFC Securities gave this information.Due to this, gold had closed at Rs 45,844 per 10 grams in the previous trading session.
Silver also ended lower by Rs 462 at Rs 59,341 per kg.In the last trading session, it had closed at Rs 59,803 per kg.In the international market, gold was trading lower at USD 1,747 an ounce while silver was almost unchanged at USD 22.35 an ounce.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, "Spot gold prices fell by 0.72 percent to $1,747 an ounce on COMEX, a New York-based commodity exchange, on Wednesday, keeping gold prices weak here." He said gold prices declined amid rising US bond yields and a strengthening dollar.
Gold prices on Wednesday fell by Rs 126 to Rs 46,631 per 10 grams in the local futures market as traders offloaded their positions amid a weak trend in the global market.On the Multi Commodity Exchange, gold for delivery in December fell by Rs 126, or 0.27 percent, to Rs 46,631 per 10 grams.It had a business turnover of 13,309 lots.
Silver prices on Wednesday fell by Rs 258 to Rs 60,728 per kg in futures trade amid weak global cues and speculators booking profits.At the Multi Commodity Exchange, silver futures for delivery in December declined by Rs 258, or 0.42 percent, to Rs 60,728 per kg.The futures contract was traded for 11,539 lots.
Globally, silver fell by 0.72 percent to USD 22.45 an ounce in New York.Market analysts said weak global cues and profit-booking by speculators at prevailing levels mainly led to the fall in silver prices at futures trade.