Gold jewelery displayed at a shop in New Delhi. file | Photo Credit: Reuters
According to HDFC Securities, gold prices in the national capital fell by ₹105 to ₹56,160 per 10 grams on January 10.
In the previous trade, the yellow metal had closed at Rs 56,265 per 10 grams.
Silver also fell by Rs 833 to Rs 68,725 per kg.
“Comex gold prices traded flat in Asian hours on Monday after the price hit an eight-month high on Monday,” said an analyst at HDFC Securities.
In the overseas market, gold was trading unchanged at $1,872 an ounce while silver was trading lower at $23.47 an ounce.
Navneet Damani, Senior Vice President, Commodity Research, Motilal Oswal Financial Services said, “Gold prices are trading steady after hitting a seven-week high as investors are mainly anticipating the central bank’s stance on US Fed Chair Jerome Powell’s speech.” focus for insight into the rate hike path.” Told.