Gold plunges ₹ 1,492, silver tanks ₹ 1,476

Gold plunges ₹ 1,492, silver tanks ₹ 1,476

Within the worldwide market, gold was buying and selling decrease.

Gold costs plunged by ₹ 1,492 to ₹ 52,819 per 10 grams on Thursday within the nationwide capital in keeping with sell-off in worldwide costs of the valuable metallic, in line with HDFC Securities.

The dear yellow metallic had closed at ₹ 54,311 per 10 grams within the earlier commerce.

Silver additionally witnessed weak pattern because it tanked ₹ 1,476 to ₹ 67,924 per kg, from ₹ 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 larger at USD 26.71 per ounce.

“Gold costs continued downtrend on Thursday with stronger greenback submit 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 impression of the COVID-19 pandemic on financial progress.

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