Saturday, August 23, 2025

Gold remains flat at Rs 64,200 per 10/grams; silver declines Rs 200

Date:

New Delhi: Gold prices remained flat at Rs 64,200 per 10 grams in the national capital on Monday in line with firm global trends, according to HDFC Securities.

However, silver prices plunged Rs 200 to Rs 73,800 per kg, while it had ended at Rs 74,000 per kg in the previous trade.

“Spot gold prices (24 carats) in the Delhi markets are trading flat at Rs 64,200 per 10 grams, unchanged from the previous close,” Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.

In the international markets, spot gold at Comex was trading at USD 2,084 per ounce, up by USD 2 from the previous close.

Gold prices traded firm on Monday after surging nine-week high on Friday as weakness in the US macroeconomic data pulled the dollar and Treasury yields lower, boosting the precious metal’s investment appeal, Gandhi added.

However, silver was trading lower at USD 23.09 per ounce. In the previous close, it had settled at USD 23.12 per ounce.

“Looking ahead, the price outlook remains optimistic, supported by expectations of lower Nonfarm Payroll data compared to the previous month.

“However, market volatility may increase in response to the Federal Reserve Chair Jerome Powell’s testimony scheduled for March 6-7, 2024, which could impact gold prices.” Jateen Trivedi, VP Research Analyst at LKP Securities, said.

PTI

Related articles

India on High Alert: Widespread Monsoon Rains, Flood Warnings Issued for August 22, 2025

India is grappling with intense monsoon activity today, as heavy rainfall triggers flood alerts, particularly along the mighty...

China’s Fireworks: Where They Come From and Their Impact on the Environment and Health

Ah, fireworks—the loud, colorful phenomenon that we all collectively agreed upon should be part of every celebration, no...

India Braces for Mixed Weather Conditions As Rains Continue, Disrupting Daily Life in Several Regions – 21 August 2025

Weather Conditions Across India – 21 August 2025 In hindi भारत भर में मौसम की स्थिति – 21 अगस्त 2025 Also...

The U.S. Rejection of the IMO “Net-Zero Framework” Proposal

On August 12, 2025, the United States determined not to back the International Maritime Organization’s (IMO) Net-Zero Framework...