Gold rises Rs 296 to Rs 39,194 per 10 gram on weaker rupee, rally in global prices

Gold on Wednesday rose by Rs 296 to Rs 39,194 per 10 gram in the national capital on weaker rupee and rally in international prices, as per HDFC Securities

Press Trust of India November 20, 2019 15:54:55 IST
Gold rises Rs 296 to Rs 39,194 per 10 gram on weaker rupee, rally in global prices
  • Gold on Wednesday rose by Rs 296 to Rs 39,194 per 10 gram in the national capital on weaker rupee and rally in international prices, as per HDFC Securities

  • Silver prices also jumped Rs 331 to Rs 46,103 per kg from Rs 45,772 per kg in the previous trade

  • In the global market, gold prices were trading higher at $1,478 per ounce, while silver was quoting at $17.17 an ounce

New Delhi: Gold on Wednesday rose by Rs 296 to Rs 39,194 per 10 gram in the national capital on weaker rupee and rally in international prices, as per HDFC Securities.

The yellow metal had closed at Rs 38,898 per 10 gram on Tuesday.

Gold rises Rs 296 to Rs 39194 per 10 gram on weaker rupee rally in global prices

Representational image. Reuters

"Spot gold prices for 24 Karat in Delhi rallied by Rs 296 on weaker rupee and rally in international gold prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

The spot rupee was trading around 20 paise weaker against the dollar during the day, he added.

The rupee opened on a weak note and fell 9 paise to 71.80 against the US dollar in opening trade as US-China trade deal concerns weighed on investors.

Silver prices also jumped Rs 331 to Rs 46,103 per kg from Rs 45,772 per kg in the previous trade.

"Gold prices traded higher on Wednesday, gaining for the third consecutive day on US-China political spat and worries over the trade deal," he said.

In the global market, gold prices were trading higher at $1,478 per ounce, while silver was quoting at $17.17 an ounce.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Kerala gold smuggling case: In audio clip, Swapna Suresh claims pressure from Central agencies to name Pinarayi Vijayan
Politics

Kerala gold smuggling case: In audio clip, Swapna Suresh claims pressure from Central agencies to name Pinarayi Vijayan

However, Union Minister of State V Muraleedharan and the state Congress slammed the Left front government, alleging it was a "political plot" to divert attention from corruption charges ahead of the local body elections next month

WBBL 2020: Sydney Sixers fined $25,000 for fielding player outside of official squad
First Cricket News

WBBL 2020: Sydney Sixers fined $25,000 for fielding player outside of official squad

The Sydney Sixers had named fast bowler Hayley Silver-Holmes in their match against the Melbourne Renegades on Saturday night despite her not being listed in the squad.