New Delhi: Gold in the National Capital on Wednesday was dipped slightly at Rs 29 to Rs 46,903 per 10 grams which reflected overnight decline in global precious metal prices, according to HDFC Securities.
In previous trade, precious metals were closed at Rs 46,932 per 10 grams.
Silver also fell Rs 762 to Rs 68,560 per kilogram from Rs 69.322 per kilogram in previous trading.
In the international market, gold traded higher at $ 1,805 per ounce and flat silver at $ 26.33 per ounce.
“The price of gold is supported by a weaker dollar and falls in the US treasury yields,” according to HDFC Securities, senior analyst (commodities), Tapan Patel.
Navneet Damani, VP – Research Commodity, Oswal Motoral Financial Services, “The price of Hover gold is about three weeks after breaking the level of $ 1,800 in the previous session, in the midst of volatility in dollars because the market awaits the minutes of the June Federal Reserve’s meeting.”
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