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Gold prices soar ₹187, silver also jumps ₹495

Representational image.

Representational image.  

Gold prices rise ₹187 to ₹39,053 per 10 gram; Silver jumps ₹495 to ₹46,499 per kg

Gold prices soared ₹187 to ₹39,053 per 10 gram in the national capital on December 23 following a rally in international prices and rupee depreciation, according to HDFC Securities.

On Saturday, the precious metal had closed at ₹38,866 per 10 gram.

Spot gold for 24 Karat in Delhi was trading higher by ₹187 with rally in international prices and rupee depreciation, HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

The rupee was trading around 5 paise weaker against the dollar during the day, he added.

Silver also jumped ₹495 to ₹46,499 per kg compared to the previous close of ₹46,004 per kg.

In the international market, gold was trading higher at $1,484 per ounce, while silver was quoting at $17.36 per ounce.

“Gold prices traded higher as investors rushed for safer assets against prevailing market uncertainty ahead of Christmas holidays,” Mr. Patel added.

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Printable version | Feb 17, 2020 3:12:21 PM | https://www.thehindu.com/business/markets/gold-prices-soar-187-silver-also-jumps-495/article30381110.ece

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