Gold & Silver

Gold jumps Rs 109 to Rs 38,894

PTI New Delhi | Updated on December 20, 2019 Published on December 20, 2019

Silver also climbed Rs 338 to Rs 45,786 a kg

Gold on Friday jumped Rs 109 to Rs 38,894 per 10 gram in the national capital amid a weaker rupee, according to HDFC Securities. The yellow metal had closed at Rs 38,785 per 10 gram on Thursday.

HDFC Securities Senior Analyst (Commodities) Tapan Patel said spot gold for 24 karat in Delhi gained Rs 109, supported by a weaker rupee. He added that the rupee was trading around 14 paise weaker against the dollar during the day. In the opening trade, the rupee fell 12 paise to 71.15 against the US dollar.

Silver

Silver prices also climbed Rs 338 to Rs 45,786 a kg compared to the previous close of Rs 45,448 a kg. In the global market, gold and silver both depicted a flat trend. Gold prices rose marginally to $ 1,478 per ounce and silver at $ 17.05 per ounce.

“Gold prices (globally) traded flat as market participants await further developments on US-China agreed trade deal and as political uncertainty in the US failed to move precious metal,” said Navneet Damani, vice-president (commodities research), Motilal Oswal Financial Services.

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Published on December 20, 2019
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