Gold, silver prices remain flat

New Delhi: Gold prices remained flat at Rs59,050 per 10 grams in the national capital on Friday, according to HDFC Securities. Silver also ruled flat in at Rs73,200 per kilogram.

“Gold traded flat to positive on Friday, unchanged from its previous close,” said Saumil Gandhi, senior analyst (commodities) at HDFC Securities. In the overseas markets, gold is trading higher at $1,882 per ounce, while silver was flat at $22.17 per ounce. Gold prices steadied as higher-than-expected inflation data in the US boosted the expectations that the Federal Reserve may hike interest rates one more time this year, Gandhi said.