Gold prices edged lower by Rs. 20 to Rs. 33,430 per 10 grams on Wednesday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. That marked the fifth straight session of losses.
Gold prices slip due to weak demand from local jewellers, traders were quoted as saying in the PTI report. The yellow metal had shed Rs. 1,200 in the last four sessions.
Silver rates, on the other hand, remained steady at Rs. 39,500 per kg at the bullion market on Wednesday.
Here are 5 things to know about gold, silver prices:
✅ Globally, gold prices inched up on Wednesday, after recovering from a more than five-week low in the previous session, supported by a pause in global equities’ rally, while a firmer dollar curbed gains, reported news agency Reuters.
✅ In Delhi, gold of 99.9 per cent and 99.5 per cent purities dropped by Rs. 20 to Rs. 33,430 and Rs. 40 to Rs. 33,260 per 10 grams, respectively.
✅ However, sovereign gold held steady at Rs. 26,400 per piece of eight grams.
✅ Silver ready held steady at Rs. 39,500 per kg, while weekly-based delivery gained Rs. 594 to Rs. 38,709 per kg. Silver coins also held flat at Rs. 80,000 for buying and Rs. 81,000 for selling of 100 pieces.
✅ Spot gold was up 0.2 per cent at $1,290.04 per ounce, intraday trade, after slipping to $1,280.70 in the previous session, its lowest since January 25. US gold futures were up about 0.4 per cent at $1,289.60 per ounce.
