Gold tanks Rs 172; silver jumps Rs 342

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New Delhi: Gold in the national capital on Tuesday dipped by Rs 172 to Rs 47,246 per 10 gram amid rupee appreciation, according to HDFC Securities.

In the previous trade, the precious metal settled at Rs 47,418 per 10 gram.

Silver in contrast jumped Rs 342 to Rs 60,508 per kg from Rs 60,166 per kg in the previous trade.

The rupee appreciated 17 paise to 75.73 against the US dollar in the opening session on Tuesday. It jumped 31 paise to close at 75.59 (provisional) against the US dollar.

In the international market, gold was trading with gains at USD 1,797 per ounce and silver was flat at USD 22.53 per ounce.

“Gold prices traded up with spot gold prices at COMEX trading 0.36 per cent up at USD 1,797 per ounce on Tuesday. Gold prices are still trading below USD 1,800 per ounce on lack of fresh triggers and FED hawkish stance,” HDFC Securities, Senior Analyst (Commodities), Tapan Patel said.

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