Markets

Gold jumps ₹592; silver rallies ₹1,335

Gold in the national capital on Thursday jumped ₹592 to ₹51,750 per 10 grams, amid a rally in international precious metal prices, according to HDFC Securities.

In the previous trade, the yellow metal finished at ₹51,158 per 10 grams.

Silver also surged by ₹1,335 to ₹56,937 per kg from ₹55,602 per kg in the previous trade.

In the international market, gold was trading higher at $1,747 per ounce while silver was flat at $19.38 per ounce.

"Gold prices rallied after U.S. Federal Reserve hiked key interest rates by 75 bps in line with market expectations," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.


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Printable version | Sep 24, 2022 7:18:08 am | https://www.thehindu.com/business/markets/gold-jumps-592-silver-rallies-1335/article65694155.ece