In the international market, gold was trading with gains at $1,892 per ounce and silver was flat at $23.73 per ounce
Gold prices plunged ₹694 to ₹51,215 per 10 grams in the national capital on Wednesday amid rupee appreciation, according to HDFC Securities. The precious metal had in the previous trade closed at ₹51,909 per 10 grams. Silver, however, rose ₹126 to ₹63,427 per kg, from ₹63,301 per kg in the previous trade.“Spot gold prices for 24 karats in Delhi plunged ₹694 amid rupee appreciation,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said. Meanwhile, snapping its two-day losing streak, the rupee strengthened by 13 paise to settle at 73.33 against the U.S. dollar on Wednesday helped by positive domestic equities and foreign fund inflows. In the international market, gold was trading with gains at $1,892 per ounce and silver was flat at $23.73 per ounce.
A letter from the Editor
Dear subscriber,Thank you!Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.Suresh Nambath