Gold loses sheen for third day but silver shines
In Short
- The yellow metal of 99.9 per cent purity had closed at Rs 1,58,100 per 10 grams in the previous session.
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Gold loses sheen for third day but silver shines
New Delhi: Declining for the third straight session, Gold prices fell Rs 100 to Rs 1,58,000 per 10 grams in the national capital on Wednesday amid subdued demand in local markets. The yellow metal of 99.9 per cent purity had closed at Rs 1,58,100 per 10 grams in the previous session.
However, silver bucked the trend and extended its gains for the second straight session, surging by Rs 2,300 to Rs 2,43,400 per kilogram (inclusive of all taxes) from Tuesday's closing level of Rs 2,41,100 per kg, according to the All India Sarafa Association.
"Gold has remained within a narrow range as investors take a cautious approach ahead of important US inflation data set to be released later this week," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
