Gold prices fall marginally to Rs 46,903/10 gm, silver tumbles by Rs 762

Gold prices have marginally fallen 

According to HDFC Securities, gold prices in the national capital fell by Rs 29 to Rs 46,903 per 10 gram on Wednesday, indicating a drop in global precious metal prices overnight. The precious metal had closed at Rs 46,932 per 10 gram on the previous day.

Gold prices fall marginally to Rs 46,903/10 gm, silver tumbles by Rs 762

Silver fell Rs 762 to Rs 68,560 a kilogram, down from Rs 69,322 in the previous trade.

The yellow metal was at up to $1,805 per ounce on the international market, while silver was unchanged at $26.33 per ounce. According to HDFC Securities’ Senior Analyst (Commodities), Tapan Patel, “gold prices were boosted by a weaker dollar and a drop in US government yields.”

“The precious metal’s prices hover around three weeks high after breaching the $1,800 level in the previous session, amidst volatility in the dollar as market awaits the release of minutes from the US Federal Reserve’s June policy meeting,” said Navneet Damani, VP – Commodities Research, Motilal Oswal Financial Services.

 

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