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Gold prices fall by Rs 229, silver tumbles Rs 717 due to decline in global rates-Business News , Happy Easterday

Gold costs fall by Rs 229, silver tumbles Rs 717 as a result of decline in world rates-Enterprise Information , Glad Easterday

Within the worldwide market, gold was buying and selling decrease at $1,832 per ounce, whereas silver remained flat at $27.38 per ounce

Representational picture. AP

New Delhi: Gold within the Nationwide Capital on Wednesday weakened by Rs 229 to Rs 47,074 per 10 gram following a decline in world treasured steel costs, in response to HDFC Securities.

The valuable steel had closed the earlier commerce at Rs 47,303 per 10 gram.

Silver additionally dipped Rs 717 to Rs 70,807 per kilogram from Rs 71,524 per kilogram within the earlier commerce.

Within the worldwide market, gold was buying and selling decrease at $ 1,832 per ounce, whereas silver remained flat at $27.38 per ounce.

“Gold costs traded underneath strain on stronger greenback and rise in bond yields,” in response to HDFC Securities, Senior Analyst (Commodities), Tapan Patel. Navneet Damani, VP – Commodities Analysis, Motilal Oswal Monetary Companies mentioned.

“Gold costs eased from close to three-week highs, as an increase in US Treasury yields and a firmer greenback dented the steel’s safe-haven attraction, whereas traders awaited US CPI information due later within the day.”

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Updated: May 12, 2021 — 2:13 pm

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