Comments
Gold prices on Wednesday jumped ₹462 to ₹42,339 per 10 grams in the national capital on positive global cues, according to HDFC Securities. Silver prices also surged ₹1,047 to ₹48,652 per kg, from ₹47,605 per kg on Tuesday. The yellow metal had closed at ₹41,877 per 10 grams in the previous trading session.
Related Stories
Gold rises ₹239 on global cues, rupee depreciation
Silver prices jumped ₹296 to ₹47,584 per kg“Spot gold of 24 karat in Delhi crossed the ₹42,000 mark, gaining ₹462 with strong international prices. The strong demand from wedding season and rally in global gold prices pushed spot prices higher for the day,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
Besides, gold also witnessed safe-haven buying after Apple Inc warned of missing its revenue forecast in the March 2020 quarter due to the coronavirus outbreak, Patel said. In the international market, both gold and silver were trading higher at USD 1,606.60 per ounce and USD 18.32 per ounce, respectively.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.