gold jumps to ₹249; Silver Rallies ₹ 365

Gold in the state capital rose ₹249 to ₹51,500 per 10 grams on Thursday, reflecting overnight gains in international precious metals prices, according to HDFC Securities.

In previous trade, the yellow metal closed at ₹51,251 per 10 grams.

Silver was also up ₹365 to ₹68,218 per kg, from ₹67,853 per kg in previous trade.

On the international market, gold was trading at $1,937 an ounce and silver was trading slightly higher at $25.22 an ounce.

“Delhi spot prices for 24k gold rose by ₹249, reflecting overnight gains in COMEX gold prices despite the appreciation of the rupee,” said Tapan Patel, Senior Analyst (Commodities), HDFC Securities.

The rise in gold prices in the overseas market was also helped by a fall in US bond yields, he said.

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