Gold, silver prices gain on firm global trends

Gold, silver prices gain on firm global trends

FPJ Web DeskUpdated: Monday, May 31, 2021, 03:27 PM IST
article-image
Gold/ representative pic |

Gold rose by Rs 195 to Rs 48,608 per 10 gram in the national capital on Monday following a gain in the precious metal prices, according to HDFC Securities.

In the previous trade, it had closed at Rs 48,413 per 10 gram.

Silver dipped marginally by Rs 15 to Rs 70,521 per kilogram from Rs 70,536 per kilogram in the previous trade.

"Spot gold prices for 24 carats in Delhi rose by Rs 195 with strong COMEX (New York-based commodities exchange) gold prices," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.

In the international market, gold was trading with gains at $1,905 per ounce and silver was flat at USD 27.95 per ounce.

Gold rose by Rs 195 to Rs 48,608 per 10 gram in the national capital on Monday following a gain in the precious metal prices, according to HDFC Securities.

In the previous trade, it had closed at Rs 48,413 per 10 gram.

Silver dipped marginally by Rs 15 to Rs 70,521 per kilogram from Rs 70,536 per kilogram in the previous trade.

"Spot gold prices for 24 carats in Delhi rose by Rs 195 with strong COMEX (New York-based commodities exchange) gold prices," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.

In the international market, gold was trading with gains at $1,905 per ounce and silver was flat at $27.95 per ounce.

Meanwhile, silver prices rose by Rs 337 to Rs 71,948 per kg in the futures trade on Monday as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for the July delivery gained Rs 337, or 0.47 per cent, to Rs 71,948 per kg in 10,552 lots.

Analysts said the rise in silver prices was mostly due to fresh positions built by participants on a positive domestic trend.

Globally, silver was trading 0.36 per cent higher at USD 28.12 per ounce in New York.

(With PTI inputs)

RECENT STORIES

Infosys Q4 FY24 Earnings: 1.3% Revenue Growth, 30% Surge In Net Profit YoY

Infosys Q4 FY24 Earnings: 1.3% Revenue Growth, 30% Surge In Net Profit YoY

Gold Falls ₹250 To ₹73,700 Per 10 Grams; Silver Stays Flat

Gold Falls ₹250 To ₹73,700 Per 10 Grams; Silver Stays Flat

Style Revival: Piaggio's Refined Vespa 140th Edition Limited

Style Revival: Piaggio's Refined Vespa 140th Edition Limited

Force Gurkha 5-Door Interior Teaser Hints at Exciting Features Before India Debut

Force Gurkha 5-Door Interior Teaser Hints at Exciting Features Before India Debut

Hindustan Zinc Says It Becomes 3rd Largest Silver Producer Globally

Hindustan Zinc Says It Becomes 3rd Largest Silver Producer Globally