Bullion counters slipped in the opening
trade on Tuesday after the US Federal Reserve slashed its benchmark interest
rate to cushion the economic impact from the fast-spreading coronavirus.
The Fed trimmed interest rates by 50 basis points on Tuesday in an emergency move to safeguard the world's largest economy from the impact of the epidemic.
Gold futures dipped 0.30 per cent or Rs 130 to Rs 43,344 per 10 grams while silver futures slid 0.19 per cent or Rs 90 lower to Rs 46,28 ..
The Fed trimmed interest rates by 50 basis points on Tuesday in an emergency move to safeguard the world's largest economy from the impact of the epidemic.
Gold futures dipped 0.30 per cent or Rs 130 to Rs 43,344 per 10 grams while silver futures slid 0.19 per cent or Rs 90 lower to Rs 46,28 ..
Gold prices on Tuesday rose marginally by
Rs 6 to Rs 42,958 per 10 gram, according to HDFC Securities. Silver prices,
however, fell by Rs 58 to Rs 46,213 per kg from Rs 46,271 per kg on Monday.
Globally, spot gold climbed 0.3 per cent to $1,643.76 per ounce, having registered its biggest one-day percentage gain since 2016 on Tuesday. US gold futures gained 0.1 per cent to $1,645.30.
Globally, spot gold climbed 0.3 per cent to $1,643.76 per ounce, having registered its biggest one-day percentage gain since 2016 on Tuesday. US gold futures gained 0.1 per cent to $1,645.30.
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