Gold gains marginally; silver declines Rs 902

·1-min read

New Delhi, Jul 8 (PTI) Gold in the national capital on Thursday was marginally up by Rs 9 to Rs 46,981 per 10 gram with firm global trends and rupee depreciation, according to HDFC Securities.

In the previous trade, the precious metal had closed at Rs 46,972 per 10 grams.

Silver, however, declined Rs 902 to Rs 67,758 per kilogram from Rs 68,660 per kilogram in the previous trade.

The rupee depreciated 17 paise to 74.79 against the US dollar in opening trade on Thursday.

In the international market, gold was trading higher at USD 1,807 per ounce and silver was flat at USD 26 per ounce.

'Gold prices were supported by fall in US treasury yields,' according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.

Navneet Damani, VP – Commodities Research, Motilal Oswal Financial Services said, 'Gold traded steady hovering above $1,800 as lower US treasury yields countered a stronger dollar. PTI SUM SHW SHW

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting