ADVERTISEMENT

Gold rises ₹487; silver gains ₹426

August 04, 2022 04:51 pm | Updated 04:51 pm IST - New Delhi

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

 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.

ADVERTISEMENT

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.

ADVERTISEMENT

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.

This is a Premium article available exclusively to our subscribers. To read 250+ such premium articles every month
You have exhausted your free article limit.
Please support quality journalism.
You have exhausted your free article limit.
Please support quality journalism.
The Hindu operates by its editorial values to provide you quality journalism.
This is your last free article.

ADVERTISEMENT

ADVERTISEMENT