Gold rises Rs 250; silver jumps Rs 1,700/ kg

New Delhi: Gold prices rose Rs250 to Rs66,200 per 10 grams in the national capital on Thursday amid a rally in precious metal prices in the global markets, according to HDFC Securities. The yellow metal had settled at Rs 65,950 per 10 grams in the previous close. Silver also surged Rs1,700 to Rs 77,000 per kg. In the previous trade, it had ended at Rs75,300 per kg. “Spot gold prices (24 carats) in the Delhi markets are trading at Rs66,200 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 $2,169 per ounce, up by $9 from the previous close. Gold prices recovered from a recent low and moved higher during the European trading session on Thursday due to a pullback in the US dollar and safe-haven buying, Gandhi added. Silver also quoted higher at $24.92 per ounce, and it had settled at $24.22 per ounce in the previous trade. “Investors look forward to today’s US data, such as the Producer Price Index (PPI), weekly job data, and retail sales, to gauge the direction of precious metal prices,” Praveen Singh, Associate VP of Fundamental Currencies and Commodities at Sharekhan by BNP Paribas, said.