Gold rose by Rs 169; Silver rises by Rs 396
According to HDFC Securities, gold rose by Rs 169 to Rs 46,753 per 10 grams in the national capital on Monday, tracking a correction in international precious metal prices and depreciation of the rupee. In the previous trade, this precious metal had closed at Rs 46,584 per 10 grams.
Silver also rose by Rs 396 to Rs 66,080 per kg from Rs 65,684 per kg in the previous trade. The Indian rupee closed down by 4 paise at 74.44 against the US dollar in early trade on Monday.
In the international market, gold was trading higher at $ 1,808 an ounce and silver was flat at $ 25.32 an ounce.
HDFC Securities, Senior Analyst (Commodities) Tapan Patel said, “Gold prices were supported by a soft dollar index and a fall in the US Treasury yield.
Navneet Damani, VP – Commodity Research, Motilal Oswal Financial Services, “Gold prices rose amid concerns over a fall in US yields and rising cases of delta variants, investors turned their attention to the Federal Open Market Committee meeting this week ”
(with PTI inputs)
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