Bullion prices surge bond yields easing
Gold prices climbed Rs250 to Rs59,800 per 10 grams in the national capital on Tuesday amid a rally in precious metal prices internationally, according to HDFC Securities.
image for illustrative purpose
New Delhi: Gold prices climbed Rs250 to Rs59,800 per 10 grams in the national capital on Tuesday amid a rally in precious metal prices internationally, according to HDFC Securities. The yellow metal had closed at Rs59,550 per 10 grams in the previous trade. Silver also jumped Rs600 to Rs77,100 per kg.
“Gold advanced on Tuesday, with spot gold prices in the Delhi markets trading at Rs59,800/10 grams, up by Rs250, following positive cues from overseas markets,” said Saumil Gandhi, senior analyst (commodities) at HDFC Securities.
In the global markets, both gold and silver were quoting higher at $1,924 per ounce and $24.25 per ounce, respectively. “Gold and silver prices continue to inch higher as the dollar and treasury yields retreated from recent highs ahead of crucial US inflation and jobs data this week that could provide clarity on further monetary policy tightening measures,” said Navneet Damani, senior vice-president of commodity research at Motilal Oswal Financial Services.
