Gold climbs Rs 500; silver jumps Rs 400
image for illustrative purpose
New Delhi: Gold prices climbed Rs500 to Rs72,350 per 10 grams in the national capital on Thursday amid a rally in precious metal rates in the global market, according to HDFC Securities. In the previous session, it had closed at Rs 71,850 per 10 grams.
Silver prices also jumped Rs400 to Rs83,500 per kg. It had ended at Rs83,100 per kg in the previous trade. The commodity markets were partially closed on May 1 on the occasion of Maharashtra Day/Labour Day. “Spot gold prices (24 carats) in the Delhi markets are trading at Rs72,350 per 10 grams, up by Rs500, taking bullish cues from overseas markets,” Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said.
In the global markets, spot gold at Comex was trading at $2,304 per ounce, up by $16 from the previous close. Silver was also trading higher at $26.45 per ounce. In the previous close, it had settled at $26.39 per ounce.
