Markets

Gold rises by ₹32, silver gains ₹116

Different norms: The LME cannot accept gold kilobars as they differ from the London Good Delivery standard bars.

Different norms: The LME cannot accept gold kilobars as they differ from the London Good Delivery standard bars.   | Photo Credit: Reuters

In the previous trade, the yellow metal had closed at ₹40,558 per 10 gram.

Gold prices rose by ₹32 to ₹40,590 per 10 gram in the national capital on Friday amid rupee depreciation and strong global prices.

In the previous trade, the yellow metal had closed at ₹40,558 per 10 gram.

Silver prices also gained ₹116 to ₹47,756 per kg as compared to Thursday’s close of ₹47,640 per kg.

“Spot gold for 24 Karat in Delhi was trading higher by ₹32 on rupee depreciation and strong global prices. Spot rupee was trading around 14 paise weaker against the dollar during the day,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

In early trade on Friday, the rupee opened on a cautious note and fell 7 paise to 71.00 against the US dollar.

In the international market, gold and silver were trading in the green at USD 1,555 per ounce and USD 18.02 per ounce, respectively.

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Printable version | Feb 17, 2020 9:39:31 AM | https://www.thehindu.com/business/markets/gold-rises-by-32-silver-gains-116/article30585625.ece

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