Gold prices remained flat at ₹59,350 per 10 grams in the national capital on Tuesday.
However, silver jumped by ₹300 to ₹71,600 per kilogramme.
“Gold prices were steady on Tuesday, with spot gold prices in the Delhi markets trading at ₹59,350/10 gram unchanged from the previous close,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.
In the overseas market, spot gold held its ground at $1,923.09 per ounce, while U.S. gold futures edged down 0.1% to $1,932.90. While silver were down at $22.95 per ounce, respectively.
Comex gold was trading at USD 1,927 per ounce, slightly down by USD 1 against its previous close as investors are looking for more cues on the macro front; US consumer confidence and new home sales data will be released later today, which could provide volatility in precious metals, Gandhi said.
Gold prices held steady with support from a softer dollar on Tuesday after the metal registered two sessions of gains, though investors remained cautious after recent hawkish comments from U.S. central bank officials.
The dollar index eased slightly, making dollar-priced bullion more attractive for overseas buyers.
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Updated: 27 Jun 2023, 06:02 PM IST