Gold marginally down; silver gains Rs 40
22/09/2021
Mumbai, sep 21: Gold in the national capital on Tuesday was marginally down by Rs 3 to Rs 45,258 per 10 grams inline with weak global precious metal prices and rupee appreciation, according to HDFC Securities.
In the previous trade, the precious metal had settled at Rs 45,261 per 10 grams.
Silver gained Rs 40 to Rs 58,750 per kilogram from Rs 58,710 per kilogram in the previous trade. The Indian rupee appreciated 15 paise to 73.59 against the US dollar in opening trade on Tuesday. In the international market, gold was trading lower at USD 1,761 per ounce and silver was flat at USD 22.42 per ounce. "The two-day US FOMC (Federal Open Market Committee) meeting will start today and market players will await for any comments from FED officials to gauge tapering clues," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel. Further, platinum price has shown an uptick. The precious metal platinum rose 0.05% to $1078.0 per Troy ounce.
Meanwhile in India, gold was priced at Rs.46210 per 10 gram on MCX, with a change of Rs.87.8. Also, the price of 24k gold in the Indian spot market was quoted at Rs.46120. The dollar to rupee conversion has been constant since yesterday and any fluctuation today in the gold price would suggest no relation with the dollar value.
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