New Delhi : Gold fell by Rs 268 to Rs 50,860 per 10 grams on Tuesday in the bullion market amid softening in the global market for precious metals. HDFC Securities has given this information. Gold had closed at Rs 51,128 per 10 grams in the previous trading session. Silver also declined by Rs 1,126 to close at Rs 62,189 per kg. The previous day’s closing price was Rs 63,315.
In the international market, gold declined to $ 1,901 an ounce, while silver remained unchanged at $ 24.37 an ounce. HDFC Securities Senior Analyst (Commodity) Tapan Patel said, “Investors are waiting for the outcome of the US stimulus package deadline which has led to the fall in gold prices.”
Vineet Damani, vice-president (commodity market research), Motilal Oswal Financial Services, said investors were cautious before the agreement deadline came to a close on the new stimulus package in the context of the Korena virus in the US, which caused gold prices to fall in a limited range Increased and demand was affected.