Gold prices in the national capital went down by ₹268 to ₹50,860 per 10 grams on Tuesday amid a decline in international prices of the precious metal, according to HDFC Securities. In the previous trade, the precious metal had closed at ₹51,128 per 10 gram. Silver also witnessed muted trend and tanked ₹1,126 to ₹62,189 per kilogram from ₹63,315 per kilogram in the previous trade. In the international market, gold dipped to trade at $1,901 per ounce and silver was flat at $24.37 an ounce.“Gold prices traded down as investors awaited outcome of stimulus deadline of Tuesday,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said. Motilal Oswal Financial Services Vice-President (Commodities Research) Navneet Damani said, “Gold prices continue to trade in a narrow range amid the caution set in ahead of the deadline to reach an agreement on a new US coronavirus stimulus, diminishing the metal’s appeal.”
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
