STOCK MARKET BSE NSE

Gold gains Rs 145 to Rs 38,885 per 10 gram on weaker rupee

In the previous trade, the precious metal had closed at Rs 38,740 per 10 gram. Similarly, silver also jumped Rs 240 to Rs 46,510 per kilogram from Rs 46,270 per kilogram on Saturday, it added.

Published: 14th October 2019 05:16 PM  |   Last Updated: 14th October 2019 05:16 PM   |  A+A-

Gold, Akshaya tritiya, jewellery

Image for representational purpose. (File photo |EPS)

By PTI

NEW DELHI: Gold prices rose by Rs 145 to Rs 38,885 per 10 gram in the national capital on Monday on a weaker rupee, according to HDFC Securities.

In the previous trade, the precious metal had closed at Rs 38,740 per 10 gram. Similarly, silver also jumped Rs 240 to Rs 46,510 per kilogram from Rs 46,270 per kilogram on Saturday, it added.

"Spot gold price for 24 Karat in Delhi was up by Rs 145 to Rs 38,885 on weaker rupee against the dollar. Spot gold prices quoted higher with increased footfall in jewellery shops, signalling pick up in festival demand," Tapan Patel, senior analyst - commodities, HDFC Securities said.

In the international market, gold traded marginally higher at USD 1,490 an ounce, while silver was trading at USD 17.57 per ounce.

"Gold prices traded firm on Monday with COMEX international spot gold prices trading near USD 1,490 on weak Chinese data," Patel said.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp