gold jumps to ₹388; Silver rallies ₹1,046


Gold prices in the state capital jumped from £388 to £50,282 per 10 grams on Tuesday, according to HDFC Securities, reflecting the rally in international precious metals prices.

In previous trade, the precious metal closed at ₹49,894 per 10 grams.

Silver was also up ₹1,046 to ₹60,957 per kg from ₹59,911 per kg in previous trade.

In the international market, gold traded higher at $1,825 an ounce and silver traded slightly lower at $20.96 an ounce.

“Gold prices were trading firm, with spot gold prices on the COMEX trading up 0.13% to $1,825 an ounce on Tuesday. Gold prices rallied, helped by a weaker dollar, despite firm US bond yields,” said Tapan Patel, Senior Analyst (Commodities), HDFC Securities.

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