Gold slips by Rs 50; silver jumps Rs 400

Gold price slipped by Rs 50 to Rs 66,350 per 10 gram in the national capital on Tuesday amid weak global cues, according to HDFC Securities.
The yellow metal had settled at Rs 66,400 per 10 gram in the previous trade.
Silver jumped Rs 400 to settle at Rs 75,900 per kilogram.
“Spot gold price (24 carats) in the Delhi markets is trading at Rs 66,350 per 10 gram, down by Rs 50 from the previous close,” Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.
In the international markets, spot gold at COMEX was trading at USD 2,177 per ounce, down USD 3 from the previous close.
Silver was trading marginally higher at USD 24.44 per ounce globally.
“Gold price retreated on Tuesday as traders trimmed positions before the outcome of crucial US consumer price index data that might offer additional assurance over when the Federal Reserve will decide to start lowering interest rates,” Gandhi said.