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Gold tanks Rs 631, silver tumbles Rs 1,681

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New Delhi: Gold costs declined for the second consecutive day within the nationwide capital on Wednesday, falling Rs 631 to Rs 51,367 per 10 gram amid rupee appreciation, in response to HDFC Securities. In the earlier commerce, the valuable metallic had closed at Rs 51,998 per 10 gram.

Silver costs additionally tanked Rs 1,681 to Rs 62,158 per kilogram from Rs 63,839 per kilogram within the earlier commerce.

Meanwhile, the rupee edged four paise larger to shut at 73.31 in opposition to the US greenback on Wednesday, monitoring weak American forex.

In the worldwide market, gold traded with marginal beneficial properties at USD 1,896 per ounce, whereas silver was flat at USD 24.16 per ounce.

“Gold prices were trading with minor gains but continued to trade below USD 1,900 from start of the week with rise in dollar index which lowered investors’ appetite for precious metals,” HDFC Securities Senior Analyst (Commodities) Tapan Patel mentioned.

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