Gold rises Rs50, silver decline Rs500

New Delhi: Gold price rose Rs50 to Rs61,650 per 10 grams in the national capital on Tuesday, according to HDFC Securities. In the previous trade, the yellow metal had ended at Rs61,600 per 10 grams. Gold price fluctuated within a small range, as investors looked for fresh developments regarding the ongoing war between Israel and Hamas, Saumil Gandhi, senior analyst of commodities at HDFC Securities, said. However, silver declined Rs500 to Rs74,500 per kilogram. In the global markets, both gold and silver were down at $1,975 per ounce and $22.92 per ounce, respectively. Traders believe gold price will consolidate in the upper-end range before the key US macro data, Gandhi said. Meanwhile, in futures trade, the December contract of gold plunged Rs332 to Rs60,267 per 10 grams.