Sunday, May 28, 2023

Gold price falls Rs 360 on intl trends, rupee appreciation

Gold price declined Rs 360 to Rs 50,127 per 10 grams in the national capital on Friday, reflecting an overnight slump in international precious metal prices and rupee appreciation, according to HDFC Securities.
In the previous trade, the precious metal ended at Rs 50,487 per 10 grams.
Silver fell Rs 252 to Rs 58,916 per kg from Rs 59,168 per kg in the previous trade.
“Spot gold prices for 24 carat gold at Delhi were down by Rs 360 reflecting overnight slump in COMEX gold prices and rupee appreciation,” Tapan Patel, Senior Analyst (Commodities) at HDFC Securities, said.
The rupee pared its initial gains and settled 1 paisa higher at 77.49 (provisional) against US dollar on Friday. In the international market, gold was trading with gains at USD 1,826 per ounce and silver was flat at USD 20.87 per ounce.
“Gold prices traded up with spot gold prices at COMEX trading 0.24 per cent up at USD 1,826 per ounce on Friday,” Patel said.


Don't Miss

Healthcare system unfair to PwDs : Commissioner for PwDs

State Commissioner for Persons with Disabilities, Diethono Nakhro lamented that healthcare system was unfair for Persons with Disabilities (PwDs) and needed to be relooked...

CM, Dy. CMs, others flay vandalism of Naga Club building

State chief minister Neiphiu Rio, deputy CMs-- TR Zeliang and Y Patton and other organisations including student bodies have strongly condemned the vandalism of...

Security forces intensify operation in Manipur

Following the recent spurt in violence in Manipur, Indian Army and Assam Rifles have launched large scale combing operations in vulnerable flashpoints, including the...

MHSS organises field trip

Modern Higher Secondary School on May 27 organized a one-day field trip for the students of Class-IX and X to Botanical Garden of Modern...

NPCC president meets Congress leaders

Nagaland Pradesh Congress Committee (NPCC) president, Supongmeren Jamir met All India Congress Committee (AICC) general secretary, Ajay Maken along with former chief minister and...

‘Non-functioning ITIs to be wound up’: Moatoshi

Advisor of Labour, Employment Skill Development & Entrepreneurship and Excise, Moatoshi Longkumer, who inspected Industrial Training Institute (ITI) and Employment Exchange, Mokokchung on Saturday...

LHSS Kiphire alumni day

Loyola Higher Secondary School, Kiphire along with management, faculties and students would be celebrating alumni day on June 10, 9 a.m., for which participation...

Souring democracy

Brains over brawn