Gold declines by Rs 388, silver tumbles by Rs 920

NEW DELHI: Gold in the national capital declined by Rs 388 to Rs 47,917 per 10 gram on Friday amid muted global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,305 per 10 gram.

Silver also tumbled Rs 920 to Rs 69,369 per kilogram from Rs 70,289 per kilogram in the previous trade.

In the international market, both gold and silver were trading flat at $1,870 per ounce and $27.35 per ounce, respectively.

According to Navneet Damani, VP – Commodities Research, , “Gold prices slipped to a near two-week lows after positive US economic data boosted the dollar and bond yields, ahead of the much awaited May non-farm payroll numbers.”