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Wednesday, May 29, 2024

Gold climbs Rs 50; silver remains flat

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NEW DELHI, Aug 21: Gold price climbed Rs 50 to Rs 59,300 per 10 gram in the national capital on Monday, according to HDFC Securities.

The precious metal had ended at Rs 59,250 per 10 gram in the previous trade.

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However, silver remained flat at Rs 73,500 per kilogram.

Gold was trading slightly higher amid a weaker rupee and risk-averse sentiments, Dilip Parmar, Research Analyst at HDFC Securities, said.

In the global markets, gold was down at USD 1,888 per ounce, while silver was flat at USD 22.75 per ounce.

“Gold traded steady after marking its third straight weekly dip as sound US economic data raised bets for interest rates staying higher for longer.

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“Investors’ focus will be on the Federal Reserve chair Jerome Powell’s speech on Friday, as central bankers from around the world assemble in Jackson Hole for their annual conference,” said Navneet Damani, Senior vice-president, Commodity Research at Motilal Oswal Financial Services. (PTI)

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The Hills Timeshttps://thehillstimes.in/
Welcome to The Hills Times, your trusted source for daily news and updates in English from the heart of Assam, India. Since our establishment in 2000, we've been dedicated to providing timely and accurate information to our readers in Diphu and Guwahati. As the first English newspaper in the then undemarcated Karbi Anglong district, we've forged a strong connection with diverse communities and age groups, earning a reputation for being a reliable source of news and insights. In addition to our print edition, we keep pace with the digital age through our website, https://thehillstimes.in, where we diligently update our readers with the latest happenings day by day. Whether it's local events, regional developments, or global news, The Hills Times strives to keep you informed with dedication and integrity. Join us in staying ahead of the curve and exploring the world through our lens.
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