Gold rises Rs 330 to Rs 39,020 per 10 gram on expectations of rise in festival demand

Gold prices for 24 Karat had closed at Rs 38,690 per 10 gram in the bullion market in Delhi on Monday

Press Trust of India September 24, 2019 17:44:06 IST
Gold rises Rs 330 to Rs 39,020 per 10 gram on expectations of rise in festival demand
  • Gold prices rose by Rs 330 to Rs 39,020 per 10 gram in the national capital on Tuesday in expectation of pick up in festive demand, according to HDFC Securities

  • Tracking the movement in gold prices, silver also moved up Rs 730 to Rs 48,720 per kilogram

  • In the international market, gold and silver prices were trading flat, with the yellow metal quoting at $1,522.60 an ounce in New York and the latter trading at $18.57 per ounce

New Delhi: Gold prices rose by Rs 330 to Rs 39,020 per 10 gram in the national capital on Tuesday in expectation of pick up in festive demand, according to HDFC Securities.

Gold rises Rs 330 to Rs 39020 per 10 gram on expectations of rise in festival demand

Representational image. Reuters

Tracking the movement in gold prices, silver also moved up Rs 730 to Rs 48,720 per kilogram. In the previous trade, it had closed at Rs 47,990 per kilogram.

Gold prices for 24 Karat had closed at Rs 38,690 per 10 gram in the bullion market here on Monday.

"Delhi spot gold price premium rose in expectation of better physical demand. Physical buying is likely to pick up once the pitrupaksh - shradh period will end on 28 September," said Devarsh Vakil, Head - Advisory (PCG), HDFC Securities.

In the international market, gold and silver prices were trading flat, with the yellow metal quoting at $1,522.60 an ounce in New York and the latter trading at $18.57 per ounce, it added.

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