Gold falls Rs 233 on weak global prices

PTI
Monday, 17 February 2020

"Spot gold of 24 karat in Delhi fell by Rs 233 with decrease in worldwide gold prices. Gold costs exchanged in lower range after a China National Health Commission official said that nCov is preventable and treatable," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

New Delhi: Gold prices on Monday fell by Rs 233 to Rs 41,565 per 10 grams in the national capital on weakness in the worldwide market, as indicated HDFC Securities. 

The yellow metal had Shut at Rs 41,798 per 10 grams in the previous session.
 
"Spot gold of 24 karat in Delhi fell by Rs 233 with decrease in worldwide gold prices. Gold costs exchanged in lower range after a China National Health Commission official said that nCov is preventable and treatable," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
 
Similarly, silver costs dropped by Rs 157 to Rs 47,170 per kg from Rs 47,327 per kg in the previous session. 

In the international market, gold was trading lower at USD 1,579 for each ounce, while silver was quoting almost flat at USD 17.74 per ounce. 

"Gold prices may trade sideways in the present range with support at USD 1,560 and resistance at USD 1,580," Patel included. 
 

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