Gold plunges Rs 563; silver declines Rs 1,186


PTI, Jan 27, 2022, 6:29 PM IST

New Delhi:  Gold in the national capital on Thursday plunged Rs 563 to Rs 48,215 per 10 grams amid weak international precious metal prices, according to HDFC Securities.

In the previous trade, the precious settled at Rs 48,778 per 10 gram.

Silver also tumbled Rs 1,186 to Rs 62,792 per kg from Rs 63,978 per kg in the previous trade.

In the international market, gold was trading lower at USD 1,810 per ounce and silver was flat at USD 23.10 per ounce.

“Gold prices traded down with spot gold prices at COMEX trading 0.45 per cent lower at USD 1,810 per ounce on Thursday. Gold prices declined following the US FOMC outcome,” Tapan Patel, Senior Analyst (Commodities), HDFC securities, said.

Navneet Damani, Senior VP Commodities Research, Motilal Oswal Financial Services, said, “Gold inched lower after the FOMC policy meet which was in-line with the market expectations, as the Fed decided on March rate hikes that pushed up US Treasury yields and the dollar, while uncertainty over Ukraine capped bullion’s losses.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

BJP Karnataka unit prepares list of probable candidates for LS election

Parliamentary immunity: A tale of contradictory SC verdicts

‘Pro-Pak’ sloganeering case: 3 accused arrested

Kadaba acid attack: Karnataka Health Minister assures stringent legal action against perpetrator

Delhi Police nabs Bangladeshi man from Kolkata for sending hoax e-mail about explosive on flight

‘Mera Bharat, mera parivaar’, says Modi to Lalu’s ‘you don’t have family jibe’

Entire country PM Modi’s family: BJP

Related Articles More

Ola Electric receives PLI Automotive Certificate from ICAT

Moody’s raises India’s 2024 growth forecast to 6.8%

IPO craze continues: Three firms to raise Rs 1,325 crore next week

Byju’s unable to pay salaries as rights issue funds locked in separate account amid rift with investors

Info Edge’s Naukri, Shiksha, 99 acres disappear from Google Play Store

MUST WATCH

Anantha Padmanabha Temple

Rameshwaram Cafe

Belkale chande team @Ayodhya

Namma Metro Staff Doesn’t Allow A Farmer To Travel Citing Dirty Clothes

A rare disease


Latest Additions

Udupi: New branch of MCC bank inaugurated at Brahmavara

Gurugram: 3 private bank employees held for helping cyber frauds

People started seeing me in a different light post ‘Maharani’: Huma Qureshi

Two dead, four injured in horrific car crash near Mandya

BJP Karnataka unit prepares list of probable candidates for LS election

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.