Gold plunges nearly $100/oz – Times of India
Representational image (Pic credit: Reuters)
HYDERABAD: Donald Trump powering to victory sent prices of precious metals into meltdown mode on Wednesday. The yellow metal lost nearly $100/oz to hit an intraday low of $2,652 in international spot markets from the day’s high of around $2,749.
This led to prices in domestic spot market falling by nearly Rs 2,000/10 gm in the evening to as low as nearly Rs 76,400/10gm for 24k (excluding GST).
Silver too slipped to nearly Rs 90,000/kg levels (excluding GST) in the evening before recovering a bit.
