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Gold fell by Rs 1050, silver fell by Rs 2500

Gold continued to fall for the second consecutive day. Amid the autumn within the costs of valuable metals globally, gold fell by Rs 1,050 to shut at Rs 73,550 per 10 grams within the bullion market of the nationwide capital on Thursday. In keeping with HDFC Securities, gold fell sharply after the Fed's assembly minutes confirmed an hawkish stance. The main points point out that US Federal Reserve officers are in no rush to chop rates of interest. Within the final buying and selling session, gold had closed at Rs 74,600 per 10 grams.

With this, the worth of silver additionally fell by Rs 2,500 and closed at Rs 92,600 per kg. Within the earlier buying and selling session, it had closed at Rs 95,100 per kg. Senior Analyst-Commodity at HDFC Securities Saumil Gandhi stated, “Taking bearish signals from foreign markets, spot gold prices (24 carats) in Delhi markets are trading at Rs 73,550 per 10 grams with a fall of Rs 1,050.” Spot gold was buying and selling at $ 2,375 an oz within the worldwide market Comex (commodity market), which is $ 42 lower than the earlier closing worth. The value of silver was additionally buying and selling at $ 30.80 an oz with a fall. Within the earlier buying and selling session, the worth of silver closed at $ 31.75 an oz.

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