Gold price dips Rs 10 to Rs 78,550, silver falls Rs 100 to Rs 92,900

Quick Summary:

The price of silver fell Rs 100, with one kilogram of the precious metal selling at Rs 92,900.

Bullion is considered a hedge against economic uncertainties and tends to thrive in a low-interest-rate environment.Spot silver fell 0.1 per cent to $31.98 per ounce, platinum gained 0.3 per cent to $1,000.35 and palladium was flat at $1,024.40.

Gold prices climbed more than 1per cent in the previous session, recovering losses suffered after Donald Trump won the US presidential race.

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Category: BusinessFinance

Markets: India

Topics: Gold price today Silver rate Gold and silver prices Precious metals Silver price today Gold trade Gold rate Gold Silver

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 07:57:23 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 391 words

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News ID: 23466478

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