Gold was trading in red in the international market.
Gold was trading in red in the international market.
According to HDFC Securities, gold prices fell by Rs 105 to Rs 50,889 per 10 grams in the national capital on Friday amid weak global trends.
The precious metal had closed at ₹ 50,994 per 10 grams in the previous trade.
Silver, however, rose by Rs 21 to Rs 58,336 per kg from Rs 58,315 per kg.
The rupee rose 4 paise to 82.29 against the US dollar in early trade on Friday, supported by a weak greenback in the overseas market and positive domestic equities.
In the international market, gold was trading red at $1,653.25 an ounce while silver was trading at $19.34 an ounce.
“Comex spot gold was last priced at $1,653.25 an ounce, which is lower than the dollar’s rebound following policy decisions by Bank of Japan and ECB,” said Dilip Parmar, Research Analyst, HDFC Securities.