Gold climbs Rs 116 to Rs 39,630 per 10 gram tracking strong global trends; silver prices up on higher demand

Spot gold for 24 Karat in Delhi gained Rs 116 on strong international peers and pick-up in wedding demand.

Press Trust of India December 26, 2019 19:19:36 IST
Gold climbs Rs 116 to Rs 39,630 per 10 gram tracking strong global trends; silver prices up on higher demand
  • The precious metal had in the previous trade closed at Rs 39,514 per 10 gram

  • Silver also witnessed demand as prices rose by Rs 454 to Rs 48,060 per kg

  • In the international market, gold rose to $1,504 per ounce and silver at $ 17.94 per ounce

New Delhi: Gold in the national capital on Thursday jumped Rs 116 to Rs 39,630 per 10 gram riding high on strong international trends, according to HDFC Securities.

Gold climbs Rs 116 to Rs 39630 per 10 gram tracking strong global trends silver prices up on higher demand

Representational image. Reuters

The precious metal had in the previous trade closed at Rs 39,514 per 10 gram.

Silver also witnessed demand as prices rose by Rs 454 to Rs 48,060 per kg as compared to the previous close of Rs 47,606 per kg.

Spot gold for 24 Karat in Delhi gained Rs 116 on strong international peers and pick-up in wedding demand, HDFC Securities, Senior Analyst (Commodities), Tapan Patel said.

In the international market, gold rose to $1,504 per ounce and silver at $ 17.94 per ounce.

"Global investors have remained cautious ahead of Christmas and New Year holidays on prevailing economic and political uncertainties expecting possible profit-booking in equity indices in early 2020," he added.

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