Gold in the national capital plunged ₹717 to ₹46,102 per 10 gram on Feb. 17 in line with decline in global precious metal prices, according to HDFC Securities.
In the previous trade, the precious metal had closed at ₹46,819 per 10 gram.
Silver also declined ₹1,274 to ₹68,239 per kg, from ₹69,513 per kg in the previous trade.
“Spot gold prices for 24 karat in Delhi plunged ₹717 in line with decline in global gold prices,” according to HDFC Securities Senior Analyst (Commodities) Tapan Patel.
In the international market, gold was quoting lower at $1,786 per ounce and silver was flat at $27.10 per ounce.
A letter from the Editor
Dear subscriber,
Thank you!
Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.
The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.
We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.
Suresh Nambath