Gold falls ₹100, silver declines by ₹300 on weak global cues

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Gold falls ₹100, silver declines by ₹300 on weak global cues


Gold had closed at ₹60,450 per 10 grams within the earlier commerce. File.
| Photo Credit: Reuters

Gold costs fell by ₹100 to ₹60,350 per 10 grams within the nationwide capital on July 31 amid a decline within the valuable metallic in global markets, based on HDFC Securities.

The valuable metallic had closed at ₹60,450 per 10 grams within the earlier commerce.

Silver additionally dropped by ₹300 to ₹76,700 per kilogramme.

In the global market, gold and silver had been quoting decrease at $1,955 per ounce and $24.25 per ounce, respectively.

Gold wrestle to seek out route after blended U.S. financial knowledge that clouded the outlook for the Federal Reserve’s seemingly fee path amid conjecture on whether or not its financial system is operating too sizzling or too chilly.

The greenback index sustained above the 101 stage and is presently buying and selling up by 0.11% at 101.51 which additionally put stress on valuable metals, Saumil Gandhi, Senior Analyst — Commodities at HDFC Securities, mentioned.



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