Gold slips ₹ 137; money also decreases



The price of gold fell from ₹ 137 to ₹ 53,030 per 10 gram in the nation’s capital on Wednesday amid the rupee’s appreciation, according to HDFC Securities.

The precious metal closed on Tuesday at ₹ 53,167 per 10 grams.

“Delhi 24-karat gold spot prices have fallen by ₹ 137 following the appreciation of the rupee,” said Tapan Patel, senior analyst at HDFC Securities (commodities).

The rupee strengthened 12 peas and settled at 73.52 (provisional) against the US dollar on Wednesday, supported by positive domestic actions and weakness in the US currency.

Silver also fell from ₹ 517 to ₹ 70,553 per kg, from the previous close of ₹ 71,070 per kg.

In the international market, gold traded with gains of $ 1,967.7 per ounce and silver held steady at $ 27.40 per ounce.

“Gold prices (globally) have fluctuated in the upper range ahead of the key Federal Open Market Committee meeting,” he added.

Show less plan

Membership benefits include

Today’s paper

Find a mobile version of daily newspaper articles in an easy-to-read list.

Faster pages

Switch easily from one article to another, because our pages load instantly

Unlimited access

Enjoy reading as many articles as you want without any limitations.


A one-stop shop to see the latest updates and manage your preferences.

Personalized recommendations

A shortlist of items that match your interests and tastes.


We keep you informed of the most recent and important developments, three times a day.

* Our digital subscription plans currently do not include e-paper mobile apps, crossword puzzles, iPhone, iPad, and print. Our plans improve your reading experience.


Leave a Reply

Your email address will not be published. Required fields are marked *