Gold rallies ₹ 555; silver jumps ₹ 975

October 01, 2021 04:09 pm | Updated 04:09 pm IST - New Delhi

Gold in the national capital on Friday rallied ₹ 555 to ₹ 45,472 per 10 gram amid rupee depreciation, according to HDFC Securities.

In the previous trade, the precious metal had settled at ₹ 44,917 per 10 grams.

Silver also jumped ₹ 975 to ₹ 58,400 per kilogram from ₹ 57,425 per kilogram in the previous trade.

The Indian rupee declined 12 paise to 74.35 against the US dollar in opening trade on Friday.

In the international market, gold was trading marginally lower at $ 1,752 per ounce and silver was flat at $ 22.16 per ounce.

"Gold prices traded steady with spot gold prices at COMEX trading marginally down at $ 1,752, still holding above $ 1,750 per ounce on Friday," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.

Gold prices have capped upside today on the stronger dollar after gaining in the previous trading session, he added.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.