Gold jumps Rs 500 to record high
image for illustrative purpose
New Delhi: Gold prices on Thursday jumped by Rs 500 to Rs 65,650 per 10 grams in the national capital amid a rally in precious metal’s rates in international markets, according to HDFC Securities. Maintaining its upward march for the third straight day, the precious metal touched a fresh lifetime high of Rs65,650 per 10 grams. The yellow metal had closed at Rs65,150 per 10 grams in the previous trade.
Silver prices also rallied by Rs400 to Rs74,900 per kg. In the previous session, it closed at Rs 74,500 per kg. “Spot gold prices (24 carats) in the Delhi markets are trading at Rs 65,650 per 10 grams, up by Rs 500, taking bullish cues from the overseas markets,” Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.
In the global markets, spot gold at Comex was trading at $2,152 per ounce, up by $30 from the previous close. Comex spot gold reached a new high of $2,161.50 per ounce in Asian trading hours on Thursday after Federal Reserve Chair Jerome Powell reiterated that the US central bank will most likely lower interest rates this year, Gandhi added.
