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Gold plunges nearly $100/oz

| TNN | Nov 7, 2024, 05:00 IST

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.

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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.

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Top Comment

Johnny Singh

36 days ago

really sorry ! but investing in gold is no more a good deal now & in future aswell...gold worldwide will loose it's place as an asset ...trust me think before u invest in gold in future after all the destruction happening in the world ,ppl think it's only 3-4 wars happening in d world at the moment but sorry to say it's actually 44 crisis happening in d world today countries dependant on their gold accumulated, consider it as a Prediction stop investing in gold especially nowadays bcoz the hype is artificial due to elections in country & in other countries aswell...,now if u want to save money then nothing can beat investing in land it's gonna be d best investment now & in future aswell.tk cares ,I just wished to share this knowledge with u all bcoz i know how hard it is to save money " Currency"

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