Gold plunges ₹ 1,492, silver tanks ₹ 1,476

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Within the worldwide market, gold was buying and selling decrease.

Gold costs plunged by ₹ 1,492 to ₹ 52,819 per 10 grams on Thursday within the nationwide capital in keeping with sell-off in worldwide costs of the valuable steel, in response to HDFC Securities.

The valuable yellow steel had closed at ₹ 54,311 per 10 grams within the earlier commerce.

Silver additionally witnessed weak development because it tanked ₹ 1,476 to ₹ 67,924 per kg, from ₹ 69,400 per kg in the day prior to this.

Within the worldwide market, gold was buying and selling decrease at USD 1,927 per ounce and silver was quoting marginally larger at USD 26.71 per ounce.

“Gold costs continued downtrend on Thursday with stronger greenback put up US Federal Open Market Committee (FOMC) minutes,” HDFC Securities Senior Analyst (Commodities) Tapan Patel stated.

As per the FOMC minutes, the committee members have expressed concern over the persevering with influence of the COVID-19 pandemic on financial development.

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