Bullion prices fall as dollar at 2-wk high
Gold prices dropped by Rs150 to Rs60,200 per 10 gram in the national capital on Tuesday amid a fall in yellow metal prices globally, according to HDFC Securities. The precious metal had settled at Rs60,350 per 10 gram in the previous trade. Silver also slumped by Rs300 to Rs76,700 per kilogram. In the overseas market, gold and silver were quoting lower at $1,959 per ounce and $24.50 per ounce, respectively.
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New Delhi: Gold prices dropped by Rs150 to Rs60,200 per 10 gram in the national capital on Tuesday amid a fall in yellow metal prices globally, according to HDFC Securities. The precious metal had settled at Rs60,350 per 10 gram in the previous trade. Silver also slumped by Rs300 to Rs76,700 per kilogram. In the overseas market, gold and silver were quoting lower at $1,959 per ounce and $24.50 per ounce, respectively.
“Comex gold fluctuated within a narrow range as traders awaited the outcome of the Federal Reserve and the European Central Bank policy meetings. Meanwhile, the dollar index traded at a near-two-week peak, weighing on precious metals as a stronger dollar makes bullion more expensive for buyers holding other currencies,” said Saumil Gandhi, senior analyst (commodities) at HDFC Securities.
