Yellow metal prices fall by Rs 85 on weak global trend

Agencies
Monday, 18 November 2019

International spot gold prices remained in the trading range below USD 1,470 an ounce as round of positive comments on the US-China trade deal cheered investor sentiments

New Delhi: Gold fell down by ₹ 85 to ₹ 38,775 per 10 gram on Monday, tracking weak international prices, according to HDFC Securities.

On Saturday, the gold had closed at ₹ 38,860 per 10 gram.

"Spot markets prices for 24 Karat in Delhi were trading lower by ₹ 85 on strangled spot demand and weak international prices. The weakness in rupee, which fell around 7 paise against the dollar during the day, limited the down side in gold prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

Silver prices also tumbled by ₹ 290 to ₹ 45,250 per kg from ₹ 45,540 per kg.

In the international market, gold costs were trading lower at USD 1,464 an ounce, while silver was quoting at USD 16.88 per ounce.

International spot gold prices remained in the trading range below USD 1,470 an ounce as round of positive comments on the US-China trade deal cheered investor sentiments, he included

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