Markets

Gold prices gain ₹78; silver moves up by ₹245

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Representational image.   | Photo Credit: Reuters

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Gold prices rose by ₹78 to ₹39,263 per 10 gram; Silver prices moved up by ₹245 to ₹47,735 per kg

Prices of gold rose by ₹78 to ₹39,263 per 10 gram in the national capital on November 4 due to wedding season demand, according to HDFC Securities.

“Spot gold prices for 24 karat in Delhi were trading up by ₹78 with start of the Indian wedding season demand,” said HDFC Securities Senior Analyst (Commodities) Tapan Patel.

On November 2, the precious metal had closed at ₹39,185 per 10 gram.

Silver prices also moved up by ₹245 to ₹47,735 per kg as compared to the previous closing of ₹47,490 per kg.

In the international market, both gold and silver prices were quoting lower at $1,509 per ounce and $18.08 an ounce.

Markets are waiting for fresh triggers from the U.S.-China trade deal, he added.

“The international gold prices traded steady off the intra-day high of $1,514 as markets are waiting for fresh triggers from U.S.-China trade deal and absence of key economic data,” he said.

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Printable version | Dec 13, 2019 9:11:26 PM | https://www.thehindu.com/business/markets/gold-prices-gain-78-silver-moves-up-by-245/article29879210.ece

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