News

Gold price in the national capital rose by Rs 406 to Rs 50,722 per 10 grams on Friday amid a rally in the international yellow metal prices, according to Securities. In the previous trade, the precious metal had closed at Rs 50,316 per 10 grams.

Silver also jumped by Rs 905 to Rs 57,436 per kilogram from Rs 56,531 per kg in the previous trade.

“Along with the COMEX spot gold prices, domestic gold prices gained for the second day in a row as the dollar index and US treasury bond yield pullback from a recent high,” said Dilip Parmar, Research Analyst at HDFC Securities.

In international market, gold was quoting higher at USD 1,671.33 per ounce, while silver was up at USD 19.15 per ounce.

Articles You May Like

All three major US indices on pace for record closing levels
USDCHF bounces higher after run lower yesterday failed on a break of a floor. What next?
Goldman Sachs still like US stocks – upside risks look greater than the downside risks
EURUSD traders play the technical levels on the corrective move lower today. What next?
Gold prices edge higher as US dollar, yields soften