Gold glitters at Rs 51,000 mark, up by Rs 502

Gold prices went past Rs 51,000 mark in the national capital, rising by Rs 502 on Thursday on strong international prices, according to HDFC Securities.

The precious metal rose by Rs 502 to Rs 51,443 per 10 gram from Rs 50,941 per 10 gram in the previous trade.

Silver, however, declined by Rs 69 to Rs 62,760 per kg from Rs 62,829 per kg on Wednesday.

"Spot gold prices for 24 carat gold in Delhi hit new high trading above Rs 51,000, gaining Rs 502 on strong international gold prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

FPJ Shorts

Bombay HC Orders Nariman Point Co-op Society To Grant Full Membership To Filmmaker Ramesh Sippy

Maharashtra Crime: Gold Jewellery Worth ₹5.5 Crore Stolen From AC First Class Coach On Siddheshwar Express Between Solapur–Kalyan; GRP Forms 3 Teams To Track Culprits

Supreme Court Slams Allahabad HC For 'Insensitive' Remarks In Attempted Rape Case; Orders Trial To Proceed Under Original Charges

Uttar Pradesh Politics: BSP Chief Mayawati Flags Concerns Over Speedy Voter List Revision; Warns Poor & Migrant Workers May Lose Voting Rights

In the international market, gold was trading higher at USD 1,875 per ounce, while silver was flat at USD 22.76 per ounce.

"Gold prices gained strength on tensions between the US and China. Surge in virus cases in the US has boosted safe-haven demand for precious metals," he added.