Gold prices fell by ₹276 to ₹50,471 per 10 grams in the national capital on October 19 due to weak global trends, according to HDFC Securities.

In the previous trade, the precious metal had settled at ₹50,747 per 10 grams.

Silver also declined ₹487 to ₹56,406 per kg from ₹56,893 per kg.

In the international market, gold was quoted lower at $1,643.5 per ounce while silver was down at $18.62 per ounce.

“Spot COMEX gold traded slightly lower as investors assessed mixed signals, including rising treasury yields and more hawkish commentary from the policymakers,” said Dilip Parmar, Research Analyst at HDFC Securities. 

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By Dipak

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