homemarket Newscommodities NewsGold rises ₹130 to ₹63,280 per 10 grams, silver slumps ₹300

Gold rises ₹130 to ₹63,280 per 10 grams, silver slumps ₹300

The yellow metal had closed at ₹63,150 per 10 grams in the previous trade.

Profile image

By PTI Jan 12, 2024 5:29:46 PM IST (Published)

Listen to the Article(6 Minutes)
1 Min Read
Gold rises ₹130 to ₹63,280 per 10 grams, silver slumps ₹300
Gold prices rose ₹130 to Rs 63,280 per 10 grams in the national capital on Friday amid a jump in precious metal prices globally, according to HDFC Securities.

Share Market Live

View All

The yellow metal had closed at ₹63,150 per 10 grams in the previous trade.
Silver, however, slumped ₹300 to ₹76,000 per kilogram.
"Spot gold prices in the Delhi markets are trading at ₹63,280/10 gram, up Rs 130 taking cues from overseas markets,” Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.
Meanwhile, in the futures trade, February contract of gold climbed ₹541 to ₹62,329 per 10 grams on the MCX.
Also, March contract of silver jumped ₹695 to ₹72,049 per kg on the exchange.
In the international markets, gold was trading higher at $2,038 per ounce, while silver was down at $22.92 per ounce.
Amid rise in global geopolitical uncertainties, the demand for gold as a safe haven asset has increased among investors, Gandhi added.

Most Read

Share Market Live

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change