Friday, 27 May, 2022
HomeEconomyGold marginally up; silver declines Rs 626

Gold marginally up; silver declines Rs 626

Text Size:

New Delhi, Feb 11 (PTI) Gold in the national capital on Friday gained marginally by Rs 22 to Rs 48,669 per 10 grams in line with firm global trends and rupee depreciation, according to HDFC Securities.

In the previous trade, the precious metal settled at Rs 48,647 per 10 grams.

Silver in contrast, declined by Rs 626 to Rs 62,214 per kg from Rs 62,840 per kg in the previous trade.

The Indian rupee declined 23 paise to close at 75.38 against the US dollar on Friday.

In the international market, gold was trading with gains at USD 1,827 per ounce and silver was flat at USD 23.02 per ounce.

“Gold prices traded marginally up with spot gold prices at COMEX trading at USD 1,827 per ounce on Friday,” Tapan Patel, Senior Analyst (commodities) at HDFC Securities, said.

Gold prices pared some of the previous gains following stronger dollar and rally in US bond yields he added.

“However, the yellow metal has kept firm as the US CPI rose in January to 7.50% which capped the downside as inflation hedge,” Patel added. PTI SUM SUM RUJ RUJ

This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Subscribe to our channels on YouTube & Telegram

Why news media is in crisis & How you can fix it

India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises.

But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle.

ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here.

Support Our Journalism

Most Popular