Gold snaps 3-day gain, falls Rs 263; silver declines Rs 806

PTI | New Delhi | Updated: 22-01-2021 16:07 IST | Created: 22-01-2021 16:03 IST
Gold snaps 3-day gain, falls Rs 263; silver declines Rs 806
Representative Image Image Credit: Pixabay

Snapping a three-day winning streak, gold prices on Friday slipped by Rs 263 to Rs 48,861 per 10 grams in the national capital, due to a weak trend in the international market, according to HDFC Securities.

The precious yellow metal had closed at Rs 49,124 per 10 gm in the previous session.

Silver prices also declined from Rs 806 to Rs 66,032 per kilogram, compared with the previous close of Rs 66,838 per kg.

HDFC Securities Senior Analyst (Commodities) said, ''Following weaker COMEX (New York-based commodity bourse), spot prices for 24 karat gold in Delhi lowered by Rs 263 per 10 gm, pausing three-day winning streaks.'' In the international market, gold was trading weaker at USD 1,861 an ounce, while silver was down at USD 25.52 an ounce.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION / BLOG / INTERVIEW

Addressing conflict-related sexual violence at long last

... ...

Why unequal access to coronavirus vaccines is a threat to us all

... ...

India’s love affair with fossil fuels: the path to sustainable development?

... ...

Videos

Latest News

Cricket-'Weapon' Meredith makes big impression for Australia in Wellington

Australia are not short of fast bowlers jostling for room in the Twenty20 World Cup squad, but selectors headaches intensified on Thursday after Riley Merediths stirring debut against New Zealand. Displaying blistering raw pace, Meredith ca...

Canada vaccine panel recommends 4 months between COVID doses

A national panel of vaccine experts in Canada recommended Wednesday that provinces extend the interval between the two doses of a COVID-19 shot to four months to quickly inoculate more people amid a shortage of doses in Canada.A number of p...

WRAPUP 2-Myanmar activists vow more protests after bloodiest day since coup

Myanmar pro-democracy activists pledged on Thursday to hold more demonstrations after the United Nations said 38 people had been killed in the most violent day of unrest since last months military coup. Police and soldiers opened fire with ...

South Korea economy shrank in 2020 for 1st time in 22 years

South Koreas central bank says the countrys economy shrank for the first time in 22 years in 2020 as the coronavirus pandemic destroyed service industry jobs and depressed consumer spending.Preliminary data released by the Bank of Korea on ...

Give Feedback