Markets

Gold rises ₹487; silver gains ₹426

 In the international market, gold was trading higher at $1,774 per ounce. File

 In the international market, gold was trading higher at $1,774 per ounce. File | Photo Credit: M. Periasamy

Gold in the national capital on Thursday gained ₹487 to ₹52,566 per 10 grams amid a rise in international precious metal prices along with rupee depreciation, according to HDFC Securities.

The yellow metal had closed at ₹52,079 per 10 grams in the previous trade.

Silver also rose by ₹426 to ₹58,806 per kg from ₹58,380 per kg in the previous trade.

The rupee depreciated 36 paise to 79.51 against the U.S. dollar in opening trade on Thursday, as disappointing macroeconomic data and U.S.-China tensions weighed on investor sentiment.

In the international market, gold was trading higher at $1,774 per ounce while silver was flat at $20.12 per ounce.

"Gold prices traded higher with spot gold prices at COMEX trading 0.58% at $1,774 per ounce on Thursday," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.


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Printable version | Aug 4, 2022 4:52:29 pm | https://www.thehindu.com/business/markets/gold-rises-487-silver-gains-426/article65726103.ece