Gold rises by Rs 162 to Rs 39,182 per 10 gram on lower rupee, higher global prices for yellow metal

  • Gold moved up by Rs 162 to Rs 39,182 per 10 gram in the national capital on Wednesday amid a lower rupee and higher international prices, according to HDFC Securities

  • Silver prices also rose by Rs 95 to Rs 48,815 per kilogram

  • Spot gold prices in Delhi are steadily moving up as the demand is expected to rise because of the festive season, Devarsh Vakil, Head - Advisory (PCG), HDFC Securities said

New Delhi: Gold moved up by Rs 162 to Rs 39,182 per 10 gram in the national capital on Wednesday amid a lower rupee and higher international prices, according to HDFC Securities.

The yellow metal for 24 Karat had closed at Rs 39,020 per 10 gram on Tuesday in the bullion market.

 Gold rises by Rs 162 to Rs 39,182 per 10 gram on lower rupee, higher global prices for yellow metal

Representational image. Reuters.

Silver prices also rose by Rs 95 to Rs 48,815 per kilogram. In the previous trade, it had closed at Rs 48,720 per kilogram here.

"Spot gold (Delhi) prices are slightly higher from Tuesday's close amid lower rupee and higher international prices," Devarsh Vakil, Head - Advisory (PCG), HDFC Securities said.

He further added that spot gold prices in Delhi are steadily moving up as the demand is expected to rise because of the festive season.

In the international market, gold prices jumped to $1,531.52 an ounce in New York, while silver rose marginally to $18.62 per ounce, it said.

The Indian rupee opened on a cautious note and fell 11 paise to 71.12 against the US dollar in early trade on Wednesday amid rising demand for the US dollar vis-a-vis other currencies overseas.

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Updated Date: Sep 25, 2019 16:38:56 IST