Bullion prices soar on safe haven demand
Gold prices climbed Rs170 to Rs59,350 per 10 grams in the national capital on Monday amid strong cues in international markets, according to HDFC Securities. The precious metal had closed at Rs59,180 per 10 grams in the previous trade. Silver also jumped Rs350 to Rs 71,300 per kilogramme.
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New Delhi: Gold prices climbed Rs170 to Rs59,350 per 10 grams in the national capital on Monday amid strong cues in international markets, according to HDFC Securities. The precious metal had closed at Rs59,180 per 10 grams in the previous trade. Silver also jumped Rs350 to Rs 71,300 per kilogramme.
“Gold trading on a positive note, with spot gold prices in the Delhi markets trading at Rs59,350/10 grams, up by Rs170 per 10 grams,” said Saumil Gandhi, senior analyst (commodities) at HDFC Securities.
In the overseas markets, both gold and silver were trading higher at $1,928 per ounce and $22.72 per ounce, respectively. Geo-political uncertainty grew after an attempted mutiny by the Russian mercenary organisation Wagner Group which pushed the gold prices higher as investors moved towards safe-haven buying, Gandhi said.
