Gold and silver prices gain
image for illustrative purpose
New Delhi: Gold prices climbed Rs250 to Rs72,200 per 10 grams in the national capital on Wednesday amid strong global trends, according to HDFC Securities. In the previous session, the precious metal had closed at Rs71,950 per 10 grams. Silver prices also bounced by Rs800 to Rs91,500 per kg. It had settled at Rs90,700 per kg in the previous session.
“In the Delhi markets, spot gold prices (24 carats) are trading at Rs72,200 per 10 grams, up by Rs250 from the previous close,” Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said.
In the international markets, spot gold at Comex was trading at $2,315 per ounce, up $12 from the previous close. Gold extended its gains on Wednesday, helped by a soft US Treasury yield and a steady US dollar, Gandhi said. Silver also quoted marginally higher at $29.35 per ounce. It had ended at $29.20 per ounce in the previous session.
“Commodities are broadly stuck in a range and trading flat, as traders look ahead to the US CPI numbers and the US Federal Reserve’s policy meeting outcome later on Wednesday.
