Markets

Gold, silver gain on strong global trends

File photo for representation.   | Photo Credit: REUTERS

Gold in the national capital on Monday rose by ₹348 to ₹47,547 per 10 gram following a strong global trend, according to HDFC Securities.

In the previous trade, the precious metal had closed at ₹47,199 per 10 gram.

Silver also zoomed ₹936 to ₹71,310 per kilogram from ₹70,374 per kilogram in the previous trade.

In the international market, gold was trading with gains at $1,853 per ounce and silver was trading flat at $27.70 per ounce.

"The yellow metal rose with a decline in U.S. bond yields, " according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.

Navneet Damani, VP – Commodities Research, Motilal Oswal Financial Services said, "Gold prices continued to trade higher hovering near to around three-month highs, as a weaker dollar and a dip in U.S. yields on the back of weak US economic data reported last week boosted metal's appeal."


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Printable version | Jun 19, 2021 12:12:46 AM | https://www.thehindu.com/business/markets/gold-silver-gain-on-strong-global-trends/article34579893.ece

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