Gold and silver prices break in domestic market due to weak global cues
PTI|
Dec 09, 2020, 05.54 PM IST
HDFC Security Senior Analyst (commodities) Tapan Patel said, “Gold weakened due to weak global cues. The prices of 24-carat gold fell by Rs. 118 in Delhi. Rupee was weaker by 1 paise against dollar.
In the international market, gold was trading at $ 1,860 an ounce, while silver was at $ 24.22 an ounce. Patel said that gold prices remained under pressure due to the rise in the stock market. The introduction of mass vaccination in Britain brought pressure on gold prices following the approval of the Corona vaccine. However, he said that the announcement of the relief package and the weak dollar can limit the fall in gold prices.
Gold price
HDFC Security
Rupee dollar
Share Market
Britain
Relief package
Hdfc
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