Recovery in bullion prices on global cues
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New Delhi: Gold price on Thursday rose Rs150 to Rs61,850 per 10 grams in the national capital amid strong cues in overseas markets, according to HDFC Securities.
The yellow metal had settled at Rs61,700 per 10 grams in the previous trade. “Gold prices on Thursday was up Rs150 following a bullish trade in the overseas markets,” said Saumil Gandhi, senior analyst of commodities at HDFC Securities.
Silver also bounced back Rs600 to Rs74,900 per kilogram. In the global markets, gold and silver were trading higher at $1,984 per ounce and $23 per ounce, respectively. Gold traded higher following a drop in US Treasury bond yields and weakness in the dollar after the Federal Open Market Committee (FOMC) policy meeting, Gandhi said. The FOMC left the interest rates unchanged.
