Gold, silver prices recover on global cues
image for illustrative purpose
New Delhi: Gold price edged higher by Rs130 to Rs59,280 per 10 gram in the national capital on Tuesday amid strong global cues, according to HDFC Securities. The precious metal had ended at Rs 59,150 per 10 gram in the previous trade. Silver also jumped Rs 100 to Rs 71,300 per kg. “Gold trading higher on Tuesday, with spot gold prices in the Delhi markets at Rs 59,280/10 gram, up by Rs 130 per 10 gram, taking cues from overseas markets,” said Saumil Gandhi, senior analyst (commodities) at HDFC Securities. In international markets, both gold and silver were trading higher at $1,927 per ounce and $22.93 per ounce, respectively. Following poorer than anticipated economic data on Monday, safe-haven purchase is still helping sustain gold prices, while investors await the outcome of FOMC June meeting minutes on Wednesday, which could provide further insights on the interest rate front, Gandhi said.
