Prices of gold went up by ₹75 to ₹38,945 per 10 gram in the national capital helped by a rise in festive demand and a weaker rupee, according to HDFC Securities.
In the previous trade, the precious metal had closed at ₹38,870 per 10 grams.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Spot gold prices for 24 karat in Delhi were trading higher by ₹75 with rise in festival demand and a weaker rupee. The spot rupee was trading 13 paise weaker against the dollar during the day.”
Buying was also witnessed in silver as the prices jumped ₹110 to ₹46,520 per kg from ₹46,410 per kg.
In the global market, gold and silver both were trading lower, with the former quoting at $1,490 per ounce and the latter at $17.52 an ounce.
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