Gold, silver in divergent moves
Gold in the national capital on Wednesday dipped marginally by Rs 48 to Rs 47,814 per 10 gram amid muted global trends. In the previous trade, the precious metal had closed at Rs 47,862 per 10 gram.
image for illustrative purpose
New Delhi: Gold in the national capital on Wednesday dipped marginally by Rs 48 to Rs 47,814 per 10 gram amid muted global trends. In the previous trade, the precious metal had closed at Rs 47,862 per 10 gram. In contrast, silver rose by Rs 340 to Rs 70,589 per kg, from Rs 70,249 per kg in the previous trade.
In the international market, both gold and silver were trading flat at $1,859 per ounce and $27.78 per ounce, respectively. HDFC Securities Senior Analyst (Commodities) Tapan Patel said, "gold prices traded near four-week lows as traders and investors are awaiting outcome from the US FOMC meeting."
Navneet Damani, vice-president (commodities research), Motilal Oswal Financial Services, adds that "gold prices traded steady after a fall witnessed in the yesterday's (Tuesday) session, due to a stronger dollar and an uptick in US yields as investors look forward to the outcome of the the US Federal Reserve meeting."
