Gold recovers Rs 100; silver plunges Rs 800
image for illustrative purpose
New Delhi: Gold price gained Rs100 to Rs62,950 per 10 grams in the national capital on Thursday amid a rise in the price of precious metal globally, according to HDFC Securities. However, silver plunged Rs800 to Rs77,300 per kilogram.
The yellow metal had ended at Rs62,850 per 10 grams in the previous trade. In the previous trade, silver had settled at Rs78,100 per kg. In the futures trade, the February contract of gold climbed Rs90 to Rs62,530 per 10 grams on the MCX. Also, silver’s March contract gained Rs61 to Rs74,892 per kg on the bourse.
In the overseas market, gold was up at $2,031 per ounce, while silver was trading lower at $23.95 per ounce. Spot gold at Comex was trading at $2,031 per ounce, up by $2 from its previous close. “Gold prices ticked up following a pullback in the dollar after weaker than expected US macro data, pointing to slower US growth and a softer labour market.
