May 12, 2021

gold value at present: Gold value at present declines Rs 302; silver tanks Rs 1,533

NEW DELHI: Gold within the nationwide capital tumbled by Rs 302 to Rs 44,269 per 10 grams on Monday, reflecting in a single day decline in world gold costs and rupee appreciation, in line with HDFC Securities. Within the earlier commerce, it had closed at Rs 44,571 per 10 grams.

Silver additionally tanked Rs 1,533 to Rs 65,319 per kg, from Rs 66,852 within the earlier commerce.

Within the worldwide market, gold was buying and selling marginally up at $1,731 per ounce whereas silver was buying and selling decrease at $25.55 per ounce.

HDFC Securities Senior Analyst (Commodities) Tapan Patel stated, “Gold costs traded below strain limiting the upside on Monday as merchants and traders are eyeing US bond auctions this week.”

“The yellow metallic additionally witnessed some promoting in early commerce on stronger US bond yields and stronger greenback,” he added.