Gold jumps marginally by Rs 35 to Rs 45,110 per 10 grams; silver climbs by Rs 383

PTIUpdated: Monday, September 27, 2021, 04:29 PM IST
article-image
In the international market, gold was trading with gains at $1,755 per ounce and silver was flat at $22.60 per ounce/ Representational image |

Gold in the national capital on Monday rose marginally by Rs 35 to Rs 45,110 per 10 grams following healthy global trends, according to HDFC Securities.

In the previous trade, the precious metal had settled at Rs 45,075 per 10 grams.

Silver also jumped Rs 383 to Rs 59,138 per kg from Rs 58,755 per kg in the previous trade.

In the international market, gold was trading with gains at $1,755 per ounce and silver was flat at $22.60 per ounce.

"Gold prices traded higher on Monday on worries over China's Evergrande debt crisis," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.

Navneet Damani, VP - Commodities Research, Motilal Oswal Financial Services, "Gold price edged higher after hovering below the $1,750 level in the previous week, as investors avoided riskier assets because of China's Evergrande concerns, but looming interest rate hikes and rise in yields marking the highest level since July, slowed bullion's advance."

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

States capital spends go up by 2.2% in first half despite massive spike in revenues

States capital spends go up by 2.2% in first half despite massive spike in revenues

FMCG companies keeping close watch on softening commodity prices; may extend some benefits

FMCG companies keeping close watch on softening commodity prices; may extend some benefits

Private Security Day: Private security industry demands hike in FDI limit to 74%

Private Security Day: Private security industry demands hike in FDI limit to 74%

UAE second biggest tea importer from India after CIS block

UAE second biggest tea importer from India after CIS block

Apple fasts forwards plans to shift manufacturing from China to India, Vietnam

Apple fasts forwards plans to shift manufacturing from China to India, Vietnam