The price of gold fell from Rs 198 to Rs 56,972 per 10 grams in the nation’s capital on Wednesday amid weak global trends, according to HDFC Securities. The precious metal had stood at Rs 57,170 per 10 grams in the previous trade.
Silver also fell from Rs 270 to Rs 68,625 per kilogram.
“The spot gold price in the Delhi markets traded at Rs 56,972 per 10 grams, down from Rs 198 per 10 grams,” an analyst said.
Securities.
In the overseas market, gold and silver were trading lower at $1,928 per ounce and $23.55 per ounce, respectively.
The Comex spot gold price is trading down 0.40% at $1,928 per ounce from its previous close, the analyst said.
“The economic calendar is muted for the day as far as the US is concerned, but market participants will keep an eye on fourth quarter US GDP estimates and Core PCE data expected tomorrow for a new trigger in the market. “, Navneet Damani, Senior Vice President – Commodities Research at , said.
