Gold Drops Rs 200; Silver Grows Rs 800

Gold prices fell Rs 200 to Rs 72,950 per 10 grams in the national capital on Tuesday, adding to losses for the second day in a row, amid a global drop in precious metal rates.

In the previous session, the yellow metal closed at Rs 73,150 per 10 grams.

However, silver rose Rs 800 to reach Rs 86,000. The preceding trade concluded at Rs 85,200 per kg.

In the foreign markets, spot gold at Comex was trading at USD 2,339 per ounce, down USD 8 from the previous close.

However, silver was higher at USD 28.35 per ounce. The previous session’s closing price was USD 28.10 per ounce.

Also read: Stock Markets Soar As April’s Retail Inflation Eases

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