Gold falls ₹50; silver plunges ₹500
The Hindu
Gold price fell by ₹50 to ₹57,500 per 10 grams in the national capital
Gold price fell by ₹50 to ₹57,500 per 10 grams in the national capital on October 4 amid a fall in precious metal prices in international markets, according to HDFC Securities.
The yellow metal had settled at ₹57,550 per 10 grams in the previous trade.
Silver also plunged ₹500 to ₹71,000 per kg.
In the overseas markets, gold was quoting lower at $1,822 per ounce, while silver was flat at $21.09 per ounce.
Comex spot gold traded around its lowest level in almost seven months on the back of strong U.S. macro data and a surge in US bond yields, Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.
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