Markets

Gold rises ₹ 224; silver gains ₹ 620

Gold prices rose ₹ 224 to ₹ 52,672 per 10 grams in the national capital on Friday in line with strong international prices of the precious metal, according to HDFC Securities.

The precious metal had closed at ₹ 52,448 per 10 grams in the previous trade.

Silver also went up by ₹ 620 to ₹ 69,841 per kg, from the previous close of ₹ 69,221 per kg.

“Spot gold prices for 24 karat in Delhi rose ₹ 224 in line with strong international prices limiting upside on rupee appreciation,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

The rupee strengthened by 21 paise to close at 73.45 against the dollar on Friday, as weak American currency and positive domestic equities buoyed investor sentiment.

In the international market, gold quoted with gains at USD 1,954 per ounce and silver was flat at USD 27.13 per ounce.

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Printable version | Oct 23, 2020 4:47:15 AM | https://www.thehindu.com/business/markets/gold-rises-224-silver-gains-620/article32640124.ece

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