At the end of Tuesday, gold prices had gained Rs 198 to close at Rs 48,480 per 10 grams in the national capital. According to HDFC Securities, this was led by a rally in international precious metal prices.
As per the prices given by the Indian Bullion and Jewellers Association, on January 20, the closing rate without GST for gold (purity-999) was Rs 49,141, and for gold with purity-995 Rs 48,944. Silver prices stood at Rs 65,801 at the end of Tuesday.
Gold prices on Tuesday rose by Rs 81 to Rs 48,975 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. In the international market, both gold and silver were quoting gains at USD 1,843 per ounce and USD 25.28 per ounce, respectively, on Tuesday.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 81, or 0.17 per cent, at Rs 48,975 per 10 grams in a business turnover of 7,006 lots. Fresh positions built up by participants led to the rise in gold prices, analysts said.
(With inputs from agencies)
