Gold and Silver Rates Grew By Rs 241 and Rs 781 Respectively
Following a global trend of gold markets. Gold prices rose by Rs 241 to Rs 45,520 per 10 grams in the national capital region. HDFC Securities pointed out that its the global market’s trend which the Indian bullion market has also followed strongly.
The precious metal had closed at Rs 45,279 per 10 grams in the previous trading session. Silver also jumped by Rs 781 to Rs 68,877 per kg, compared with the previous close of 68,096 per kg.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Spot prices for 24 karat gold in Delhi rose by Rs 241, in line with the recovery in global gold prices while rupee appreciation capped upside.” The spot rupee was trading around 16 paise stronger against the dollar, halting three days of loss, during the intra-day session, HDFC Securities added.