Gold₹48,449 per 10 gram while silver dropped 1% to ₹62,559 per kg. The precious metals had seen a sharp upmove in the previous session. Gold₹700 per 10 gram while silver had surged about ₹3,000 per kg. Gold₹56,200 in August.
In global markets, gold prices slipped today after jumping more than 2% in the previous session. Gold
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Among other precious metals, silver fell 0.5% to $23.89 an ounce, while platinum dropped 0.6% to $994.00 and palladium was down 0.4% at $2,397.00.
Despite the recent price drop, gold ETFs saw outflows. Holdings of the SPDR Gold
Supporting silver price nonetheless is normal optimism about Chinese language economic system whereas vaccine progress improves outlook for industrial demand, say analysts. Silver stays caught between losses in gold and normal energy in industrial metals. We may see uneven commerce attributable to blended cues nonetheless normal bias may be on the draw back until we see substantial restoration in gold,” Kotak added.
(With Company Inputs)