Gold costs rose by Rs 225 to Rs 56,590 per 10 gram within the nationwide capital on Thursday, consistent with a powerful rally in worldwide worth of the dear steel, based on HDFC Securities.
Silver costs additionally witnessed a powerful upward pattern, because it jumped Rs 1,932 to Rs 75,755 per kg from Rs 73,823 per kg within the earlier commerce.
The valuable yellow steel had closed at Rs 56,365 per 10 gram within the earlier commerce.
“Spot gold prices for 24 carat in Delhi rose by Rs 225 with strong rally in international prices,” HDFC Securities Senior Analyst (Commodities) Tapan Patel stated.
In the worldwide market, gold was buying and selling with features at USD 2,045.70 per ounce, whereas silver was quoting at USD 27.57 per ounce.
According to Sriram Iyer, Senior Research Analyst at Reliance Securities, “International gold and silver extended gains on Thursday as investors continue to remain buyers of the metals amid worries about recovery in the pandemic-ravaged global economy.”