Gold edges up, silver remains flat

New Delhi: Gold prices climbed Rs150 to Rs60,250 per 10 grams in the national capital on Thursday amid strong global cues, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs60,100 per 10 grams. However, silver remained flat at Rs77,500 per kilogram. In the overseas markets, gold was trading higher at $1,945 per ounce, while silver was down at $24.53 per ounce. “Gold prices were buoyed this week by a series of weak economic data releases from the US that pointed to slowing economic growth, causing traders to cut bets on a further rate hike. While treasury yields edged lower across the curve after second-quarter US GDP was revised lower and the dollar index fell to a two-week low in the previous session, helping the gold price to rally further,” said Saumil Gandhi, senior analyst (commodities) at HDFC Securities.