Gold prices on Wednesday rose ₹177 to ₹38,932 per 10 gram in the national capital on stronger rupee and firm global trends, according to HDFC Securities.
Silver also gained ₹290 to ₹46,560 per kg. In the previous trade, it had closed at ₹46,270 per kg.
Gold closed at ₹38,755 per 10 gram in the national capital on October 22.
“Spot gold for 24 Karat in Delhi was trading higher by ₹177 on stronger rupee and firm global prices,” HDFC Securities, senior analyst - commodities, Tapan Patel said.
The ongoing festival demand may keep gold prices firm with rise in jewellery consumption, he added.
In the international market, gold was trading up at $1,493 per ounce, while silver was also trading in the green at $17.57 an ounce.
“International gold prices traded firm, witnessing recovery on global markets uncertainty. The possible delay in Brexit deal and weak US earnings kept gold prices higher during the day,” he added.
