Precious Metals: Gold prices fall by Rs 81; Silver Rs 984

According to HDFC Securities, gold prices fell by Rs 81 to Rs 10 per gram in the national capital on Monday.

The precious metal had closed at Rs 47,057 per 10 grams in the previous trade.

Silver also declined by Rs. 984 to Rs. 67,987 per kg from Rs. 6884 in the previous trade.

The rupee rose 24 paise to 74.77 against the US dollar in Monday’s trade.

In the international market, gold was at USD $ 1,779 an ounce and silver was at $ 26.02 an ounce.

“Gold prices were backed by a weak dollar and epidemic concerns,” said HDFC Securities senior analyst (commodities) Papan Patel.

(Only the headline and picture of this report can be reworked by Business Standard employees; the rest of the content is auto-generated from a syndicated feed.)

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