Gold declines ₹201; silver plummets ₹1,475
The Hindu
In the overseas market, gold was trading in the red at $1,848 per ounce while silver was up at $24.45 per ounce.
Gold price in the national capital declined ₹201 to ₹55,994 per 10 gram on Thursday amid a fall in the precious metal's prices globally, according to HDFC Securities.
The yellow metal had closed at ₹56,195 per 10 gram in the previous trade.
Silver also plummeted ₹1,475 to ₹69,286 per kilogram.
"Comex Spot gold prices traded lower in early Asian hours on Thursday on back of profit taking after recent rally," said an analyst at HDFC Securities.
In the overseas market, gold was trading in the red at $1,848 per ounce while silver was up at $24.45 per ounce.
The U.S. Fed meeting minutes showed that the members remained committed to 2 per cent inflation targets and agreed that a sustained period of restrictive policy would be needed to cool unacceptably high inflation, the analyst added.

Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.












