Gold prices decline Rs 166 to Rs 38,604 per 10 gram on weak global trend, silver down too
In the international market, both gold and silver were trading lower at $1,458 per ounce and $16.86 per ounce, respectively.
Representational image. Reuters.[/caption]"Spot gold price for 24 Karat in Delhi fell by Rs 166 with sell-off in international gold prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.Silver also fell by Rs 402 to Rs 45,178 per kg from Rs 45,580 per kg in the previous trade.In the international market, both gold and silver were trading lower at $1,458 per ounce and $16.86 per ounce, respectively.Gold prices traded lower with international spot gold prices falling below $1,460 per ounce on Monday on US-China trade deal optimism, Patel added.Global equities were enthused by fresh optimism over a trade truce between the US and China amid reports that an initial deal may be signed by the end of this year.
US jobless claims fall to 187,000, signalling resilient labour market ahead of Fed meeting
NDTA asks Connaught Place shops, offices and restaurants to close by 6:30 pm today
EU slaps Google with $1 billion antitrust fine over Play Store and Search practices
Brent crude flirts with $100, reigniting inflation and forex concerns for India
Can a record May offset a shrunk international schedule and help IndiGo turn a profit?