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.
You have reached your limit for free articles this month.
Register to The Hindu for free and get unlimited access for 30 days.
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Personalised recommendations
A select list of articles that match your interests and tastes.
Faster pages
Move smoothly between articles as our pages load instantly.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Briefing
We brief you on the latest and most important developments, three times a day.
*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.
Please Email the Editor