Gold jumps Rs170; silver plunges Rs300

New Delhi: Gold prices jumped Rs170 to Rs63,370 per 10 grams in the national capital on Wednesday amid gains in precious metal’s prices globally, according to HDFC Securities. The yellow metal had closed at Rs63,200 per 10 grams in the previous trade. However, silver plunged Rs300 to Rs74,600 per kilogram, while it had ended at Rs74,900 per kg in the previous close. “Spot gold prices (24 carats) in the Delhi markets are trading at Rs63,370 per 10 grams, up by Rs170, taking bullish cues from the overseas markets,” said Saumil Gandhi, senior analyst (commodities) at HDFC Securities.

In the international markets, spot gold at Comex was trading at $2,033 per ounce. However, silver was trading marginally lower at $22.24 per ounce. Amid a pullback in the US Treasury yields and dollar, gold prices rose on Wednesday, Gandhi added.