Gold climbs Rs 133, silver prices jump Rs 238
Business | January 27, 2020 15:34 ISTThe yellow metal had closed at Rs 41,159 per 10 gram in the previous trade.
The yellow metal had closed at Rs 41,159 per 10 gram in the previous trade.
In the previous trade, the yellow metal had closed at Rs 40,684 per 10 gram.
The yellow metal had closed at Rs 40,753 per 10 gram on Monday. However, silver prices fell Rs 56 to Rs 47,804 per kg from Rs 47,860 per kg in the previous trade.
The precious metal had closed at Rs 40,744 per 10 gram in the previous trade. In a lacklustre trade, silver prices also rose marginally by Rs 7 to Rs 47,863 per kg from Rs 47,856 per kg in the past trading.
Gold prices rose by Rs 32 to Rs 40,590 per 10 gram in the national capital on Friday amid rupee depreciation and strong global prices.
Gold prices on Thursday rose by Rs 43 to Rs 40,458 per 10 gram in the national capital on rupee depreciation, according to HDFC Securities.
Gold prices on Monday fell Rs 236 to Rs 40,432 per 10 gram in the national capital on global selling and stronger rupee, according to HDFC Securities. The precious metal had closed at Rs 40,668 per 10 gram in the previous trade.
Gold prices on Wednesday climbed by Rs 485 to Rs 41,810 per 10 gram following rise of geo-political uncertainty and weaker rupee, according to HDFC Securities.
The surge in the prices of gold came hours after Iraq airbases housing US troops came under missile attack by Iran. The missile attacks were a revenge act following the assassination of Iranian General Qasem Soleimani.
Gold hit its all-time high level on Monday and later closed at Rs 41,630 per 10 gram.
A day after the prices of gold hit the highest in nearly seven years at $1,582.59, on Tuesday it dropped in India amid a decline in global markets and a rebound in rupee against the US dollar.
Gold prices in the national capital hit an all-time high level on Monday and zoomed Rs 720 to Rs 41,730 per 10 gram following a pick-up in safe-haven demand for the metal amid weak equities and bullish global trends, according to HDFC Securities.
On Friday, gold prices rose 2 per cent or ₹850 per 10 gram. This takes a two-day gain in gold prices in domestic markets toe in global rates, about ₹1,800 per gram.
On Tuesday, the precious metal had closed at Rs 39,949 per 10 gram. Silver prices also witnessed correction, falling Rs 590 to Rs 47,655 per kg, from Rs 48,245 per kg in the previous trade.
Always a pricey possession, gold is set to remain more pricey in the New Year too as continuing geopolitical tremors, economic woes and rupee volatility are expected to push the yellow metal even to Rs 45,000 for 10 gram.
The precious metal had in the previous trade closed at Rs 39,955 per 10 gram, according to HDFC Securities.
In the previous trade, the yellow metal had closed at Rs 38,967 per 10 gram.
Gold prices on Tuesday fell by Rs 68 to Rs 38,547 per 10 gram in the national capital on rupee appreciation and weak demand, according to HDFC Securities.
Gold prices declined Rs 166 to Rs 38,604 per 10 gram in the national capital on Monday.
Gold prices on Thursday rose Rs 53 to Rs 38,150 per 10 gram in the futures trade as speculators widened their bets on spot demand, tracking a firm trend overseas. On the Multi Commodity Exchange, gold contracts for the December delivery traded higher by Rs 53, or 0.14 per cent, at Rs 38,150 per 10 gram in a business turnover of 1,880 lots.
Top News
Latest News
