Gold Prices: Gold fell by Rs 185, silver slipped by Rs 798
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New Delhi : Gold on Monday fell by Rs 185 to Rs 55,520 per 10 grams in the national capital amid a weak trend in the prices of the precious metal in the global markets. HDFC Securities gave this information. In the last trading session, gold had closed at Rs 55,705 per 10 grams.
Silver also declined by Rs 798 to close at Rs 63,227 per kg. HDFC Securities Senior Analyst Saumil Gandhi said, “Spot gold prices in Delhi declined by Rs 185 to Rs 55,520 per 10 grams.” In the international market, gold declined to USD 1,811 an ounce, while silver also declined to USD 20.75 an ounce.
Shriram Iyer, Senior Research Analyst, Reliance Securities, said, “Gold prices on COMEX are trading lower in Asian trade on Monday after the US Federal Reserve is likely to continue raising interest rates in the first half of the year due to high inflation in the recent past.” In hours, it went to its lowest level in two months.
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