Markets

Gold, silver marginally up

File photo.   | Photo Credit: P.V. SIVAKUMAR

Gold prices rose marginally by ₹ 9 to ₹ 46,431 per 10 gram in the national capital on Friday, according to HDFC Securities.

In the previous trade, the precious metal had closed at ₹ 46,422 per 10 gram.

Silver also gained ₹ 53 to ₹ 67,460 per kg from ₹ 67,407 per kg in the previous trade.

In the international market, gold was quoting higher at USD 1,764 per ounce and silver was flat at USD 25.87 per ounce.

"Gold prices rallied supported by dollar decline and fall in US bond yields," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.

Navneet Damani, VP – Commodities Research, Motilal Oswal Financial Services, "Gold traded higher to a more than one-month peak as U.S. Treasury yields slipped despite better-than-expected U.S. economic data, pushing investors to bullion as a refuge against possible inflation ahead."

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Printable version | May 18, 2021 2:12:42 AM | https://www.thehindu.com/business/markets/gold-silver-marginally-up/article34335095.ece

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