Gold snaps five-day winning streak, plunges Rs 1,350 to Rs 93,000 per 10g

Gold prices plunged by Rs 1,350 to Rs 93,000 per 10 grams, bringing an end to its five-day record rally, in the national capital on Friday amid weak trend in the international markets, according to the All India Sarafa Association. On Thursday, the precious metal of 99.9 per cent purity had climbed Rs 200 to hit a fresh peak of Rs 94,350 per 10 grams. Snapping a five-day winning streak, gold of 99.5 per cent purity also declined by Rs 1,350 to Rs 92,550 per 10 grams from Thursday's closing level of Rs 93,900 per 10 grams. "Gold prices declined as safe-haven demand eased following the implementation of new tariffs by US President Donald Trump. "Investors have shifted their focus to global trade dynamics and the potential economic repercussions, which could weigh on growth and dampen business sentiment," Chintan Mehta, Chief Executive Officer at Abans Financial Services, said. Silver prices also tanked by Rs 5,000, logging the steepest fall in four months, to Rs 95,500 per kg. The w