News India

In the Delhi bullion market on Tuesday, gold fell by Rs 650 to Rs 57,550 per 10 grams. In the previous trading session, gold had closed at Rs 58,200 per 10 grams. During this period, silver also fell by Rs 1,800 to Rs 71,500 per kg.

Amid weak global cues, gold fell by Rs 650 to Rs 57,550 per 10 grams in the Delhi bullion market on Tuesday. In the previous trading session, gold had closed at Rs 58,200 per 10 grams. During this period, silver also fell by Rs 1,800 to Rs 71,500 per kg. Navneet Damani, senior vice president of commodity research at Motilal Oswal Financial Services, said gold and silver prices on Comex had fallen in the previous session due to the domestic market being closed on Monday.

In the global markets, both gold and silver were falling at $ 1,825 an ounce and $ 21.10 an ounce, respectively. Saumil Gandhi, senior commodity analyst at HDFC Securities, said treasury bond yields have reached a new multi-decade high following the US Federal Reserve's stance of keeping interest rates increased in the last few weeks.