Gold in the national capital on Monday dipped Rs 317 to Rs 45,391 per 10 grams, in line with a fall in international precious metal prices, according to HDFC Securities. In the previous trade, gold closed at Rs 45,708 per 10 grams. Silver also tumbled Rs 1,128 to Rs 62,572 per kg, from Rs 63,700 per kg in the previous trade. In the international market, gold was trading lower at USD 1,749 per ounce and silver also dipped marginally to USD 23.91 per ounce. HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Gold prices extended decline following the sell-off occurred on Friday after stronger-than-expected US jobs market report.” He added that the improved job numbers raised market expectations of sooner US Fed tapering despite of the US central bank's cautious approach. The dollar index rallied which dampened demand for precious metals, Patel said. (PTI)
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