Gold jumps Rs 552, silver shoots up by Rs 1,012

Gold jumps Rs 552, silver shoots up by Rs 1,012

 

Gold prices in the national capital on Tuesday jumped by Rs 552 to Rs 50,518 per 10 gram in line with positive global trend and a rupee depreciation, according to HDFC Securities.

 

The yellow metal had closed at Rs 49,966 per 10 gram in the previous trade.

 

Silver also shot up by Rs 1,012 to Rs 64,415 per kg, compared with the previous close of Rs 63,403 per kg.

The rupee depreciated by 31 paise to 74.86 (provisional) against the US currency on Tuesday as riskier assets took a hit amid deepening geopolitical tensions.

 

HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Spot prices for 24 carat gold in Delhi surged by Rs 552, in line with rally in COMEX gold prices along with rupee depreciation.”

In the international market, gold traded higher at USD 1,910 an ounce and silver was up at USD 24.12 an ounce.

 

“Gold prices traded higher with spot gold prices at COMEX trading near USD 1,910 per ounce on Tuesday,” Patel said.