New Delhi: Gold costs plunged by Rs 1,492 to Rs 52,819 per 10 grams on Thursday within the nationwide capital according to sell-off in worldwide costs of the dear metallic, based on HDFC Securities.
The dear yellow metallic had closed at Rs 54,311 per 10 grams within the earlier commerce.
Silver additionally witnessed weak development because it tanked Rs 1,476 to Rs 67,924 per kg, from Rs 69,400 per kg in the day before today.
Within the worldwide market, gold was buying and selling decrease at USD 1,927 per ounce and silver was quoting marginally greater at USD 26.71 per ounce.
“Gold costs continued downtrend on Thursday with stronger greenback put up US Federal Open Market Committee (FOMC) minutes,” HDFC Securities Senior Analyst (Commodities) Tapan Patel mentioned.
As per the FOMC minutes, the committee members have expressed concern over the persevering with influence of the COVID-19 pandemic on financial development.