New Delhi: Gold prices rose by Rs 970 to Rs 56,550 per 10 grams in the national capital on Monday amid a rise in the prices of the precious metal internationally.
In the previous trade, the yellow metal had closed at Rs 55,580 per 10 grams.
Silver also gained Rs 1,600 to Rs 63,820 per kg.
HDFC Securities Senior Analyst – Commodities, Saumil Gandhi said, “Spot gold prices rose by Rs 970 to Rs 56,550 per 10 grams in Delhi markets.”
In overseas markets, gold and silver were trading higher at $1,875 an ounce and $20.75 an ounce, respectively.
“Gold prices rose to their highest in more than five weeks amid positive US economic data, a slide in the dollar and the biggest US bank failure since the 2008 financial crisis, prompting investors to seek safe-haven assets.” Has been,” said Navneet Damani, Senior Vice President – Commodity Research at Motilal Oswal Financial Services.