Markets

Gold prices advance ₹112, silver moves up by ₹94

Jewellery demand in India fell to the lowest in almost 10 years on rise in gold prices.

Jewellery demand in India fell to the lowest in almost 10 years on rise in gold prices.   | Photo Credit: H.S. Manjunath

Gold prices on Friday rose ₹112 to ₹41,249 per 10 gram in the national capital on rupee depreciation, according to HDFC Securities.

Silver also moved up by ₹94 to ₹47,305 per kg against the previous close of ₹47,211 per kg.

Gold had on Thursday closed at ₹41,137 per 10 gram.

“Spot gold of 24 karat in Delhi witnessed recovery with prices trading up by ₹112 on rupee depreciation. Spot rupee was trading around 15 paise weaker against the dollar during the day,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

In the opening trade on Friday, the rupee opened on a weak note and declined by 9 paise to 71.27 against the US dollar.

In the international market, gold and silver were trading flat at USD 1,566.7 per ounce and USD 17.79 per ounce, respectively.

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Printable version | Feb 24, 2020 11:42:30 PM | https://www.thehindu.com/business/markets/gold-prices-advance-112-silver-moves-up-by-94/article30761991.ece

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