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Gold declines Rs 105; silver rises Rs 52

by WOOWinvest
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Gold declines Rs 105; silver rises Rs 52

Gold price declined Rs 105 to Rs 56,526 per 10 grams in the national capital on Wednesday, according to Securities. In the previous trade, the precious metal had ended at Rs 56,631 per 10 grams.

Silver, however, rose Rs 52 to Rs 69,694 per kilogram.

“Spot gold prices in the Delhi markets traded at Rs 56,526 per 10 grams, down Rs 105 per 10 grams,” said an analyst at HDFC Securities.

The dollar index gained by 0.18 per cent on Tuesday added pressure on yellow metals. US bond yields also recovered from recent lows, the analyst said.

In the overseas market, both gold and silver were trading in green at USD 1,910 per ounce and USD 24.16 per ounce, respectively.

Meanwhile, bullion traders are closely watching today’s US Retail Sales and PPI data which will be released later on, the analyst added.

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