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Gold declines Rs 420; silver tumbles Rs 570

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NEW DELHI, April 28 (PTI): Gold price declined Rs 420 to Rs 59,980 per 10 grams in the national capital on Friday amid weak global cues, according to HDFC Securities.

The precious metal had settled at Rs 60,400 per 10 grams in the previous trade.

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Silver also tumbled Rs 570 to Rs 74,600 per kg.

“Domestic gold prices were trading lower on Friday, tracking overseas prices,” Sriram Iyer, Senior Research Analyst at Reliance Securities, said.

In the overseas markets, both gold and silver were trading lower at USD 1,982 per ounce and USD 24.82 per ounce, respectively.

“Gold price traded lower in Asian trading hour on Friday as recovery continued in dollar after US PCE data rose more than estimated,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.

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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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