Gold Worth At present, November 17: Yellow steel falls Rs 161; silver tumbles Rs 1,111 | Bullion Information

New Delhi: Gold costs fell by Rs 161 to Rs 53,235 per 10 grams within the nationwide capital on Thursday amid weak world developments, based on HDFC Securities.

Within the earlier commerce, the dear steel had settled at Rs 53,396 per 10 grams.

Silver additionally tumbled by Rs 1,111 to Rs 61,958 per kg.

“Gold inched decrease, as safe-haven demand from newest geopolitical considerations pale, whereas hopes that the US Federal Reserve could be much less aggressive on fee hikes over coming months underpinned the market,” stated Navneet Damani, Senior VP ? Commodity Analysis at Motilal Oswal Monetary Providers.

Within the worldwide market, gold was buying and selling in crimson at USD 1,770.5 per ounce whereas silver was down at USD 21.32 per ounce.

“COMEX gold declined following a surge in US bond yields after better-than-expected financial information. Merchants are trying on the Federal Reserve’s response to combined US financial information whereas the haven demand driving the greenback larger,” stated Dilip Parmar, Analysis Analyst at HDFC Securities.

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