Gold prices on Friday rose ₹181 to ₹39,395 per 10 gram in the national capital on firm global trends, according to HDFC Securities.
“Spot gold prices for 24 karat gold in Delhi were traded higher by ₹181 reflecting overnight gains in the global prices,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
Silver prices also increased ₹270 to ₹47,900 per kg, from ₹47,630 per kg at the close of the previous trade.
In the international market, gold was trading higher at USD 1,513 per ounce and silver at USD 18.13 an ounce.
Gold prices traded higher on worries over US-China trade deal. The trade deal uncertainty made the yellow metal a safe haven for the investors.
The international gold prices were up as the trade deal uncertainty between the two major economies scared global investors, Mr. Patel said.
Bullion prices gained momentum after China raised doubts over long-term trade deal with the US which triggered selling in riskier assets, he added.
