Gold climbs Rs 350; silver jumps Rs 200
image for illustrative purpose
New Delhi: Gold price climbed Rs350 to Rs67,350 per 10 grams in the national capital on Thursday amid strong trends in the international markets, according to HDFC Securities. Extending its gains for the second straight session, the price of the precious metal had settled at Rs67,000 per 10 grams in the previous trade. Silver also jumped R 200 to Rs77,450 per kg. In the previous close, it had ended at Rs77,250 per kg.
Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said: “Gold prices advanced on Thursday before the outcome of crucial US macro data. Spot gold prices (24 carats) in the Delhi markets are trading at Rs 67,350 per 10 grams, up by Rs 350 taking positive global cues.”
In the global markets, spot gold at Comex was trading at $2,194 per ounce, up by $14 from the previous close. “Gold prices were trading higher amidst positive sentiment regarding interest rates, but the rise in the dollar index could exert pressure on the yellow metal prices. Strong resistance is observed around the $2,200-2,215 range,” Jateen Trivedi, VP Research Analyst at LKP Securities, said.
Silver was also marginally higher at $24.55 per ounce. In the previous trade, it had finished at $24.50 per ounce.
