Gold price tumbled Rs 875 to Rs 66,575 per 10 grams in the national capital on Friday amid weak trends in global markets, according to HDFC Securities. The precious metal had settled at Rs 67,450 per 10 grams in the previous trade. In addition, silver also plunged Rs 760 to Rs 76,990 per kg against the previous close of Rs 77,750 per kg. "Spot gold prices (24 carats) in the Delhi markets are trading at Rs 66,575 per 10 grams, down by Rs 875 from the previous day," Dilip Parmar, Research Analyst at HDFC Securities, said. In the overseas markets, spot gold at Comex was trading at USD 2,167 per ounce, down USD 35 from the previous day's level. "Gold prices are down nearly 2 per cent from their all-time hit yesterday weighed by profit-booking/ long liquidation, and a sharp rebound in the dollar index, following events like rate cuts by the Swiss National Bank, better than expected PMI and housing data from the US," Pranav Mer, VP, Research (Commodity & Currency) at BlinkX and JM ... Read The Rest at :