Comments
Gold prices soared Rs 187 to Rs 39,053 per 10 gram in the national capital on Monday following a rally in international prices and rupee depreciation, according to HDFC Securities. On Saturday, the precious metal had closed at Rs 38,866 per 10 gram.
Spot gold for 24 Karat in Delhi was trading higher by Rs 187 with rally in international prices and rupee depreciation, HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
The rupee was trading around 5 paise weaker against the dollar during the day, he added. Silver also jumped Rs 495 to Rs 46,499 a kg compared to the previous close of Rs 46,004 a kg.
In the international market, gold was trading higher at $ 1,484 per ounce, while silver was quoting at $ 17.36 per ounce. “Gold prices traded higher as investors rushed for safer assets against prevailing market uncertainty ahead of Christmas holidays,” Patel added.
Comments
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.