Live
- Team India cross their fingers
- 3 energy efficient projects to reduce power bills in AP
- Governor Jishnu Dev Varma to Attend ABVP 43rd State Conference in Siddipet Today
- Transgenders to Begin Traffic Assistant Duties in Hyderabad from Tomorrow
- Police Security Tightened at Allu Arjun’s Residence After OU JAC Vandalism
- ED Likely to Issue Notices to BRS Working President KTR Today
- CM Chandrababu Naidu to Attend Christmas Celebrations in Amaravati Today
- CM Revanth to Review Projects with Senior Officials Today
- Fix Ozone Layer Depletion
- Harish Rao to Visit Medak Today for Centenary Celebrations
Gold slips by Rs 95 on stronger rupee, weak demand
The spot rupee was trading around 15 paise stronger against the dollar during the day," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
NEW DELHI: Gold prices fell Rs 95 to Rs 38,460 per 10 gram in the national capital on Tuesday due to weak demand and a stronger rupee, according to HDFC Securities.
The yellow metal had closed at Rs 38,555 per 10 gram in the previous session. "Spot gold for 24 karat in Delhi was trading down by Rs 95 on a stronger rupee and weak spot demand.
The spot rupee was trading around 15 paise stronger against the dollar during the day," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
Taking cues from gold, silver also fell Rs 128 to Rs 44,607 per kg from Rs 44,735 per kg on Monday. In the international market, gold was trading at USD 1,463 per ounce, while silver was quoting at USD 16.62 per ounce.
"Gold witnessed selling on expectations of initial trade deal between the US and China before December 15 deadline of new US tariffs," Patel said.
