Gold rises by Rs 220, silver jumps by Rs 1,050 on strong global trend

Replica Photo

YEARS

Gold and silver prices rose sharply on Monday after falling for three consecutive sessions. Gold jumped by Rs 220 to Rs 72,820 per 10 gram in the national capital amid a firm trend in overseas markets due to rising tensions in West Asia.

New Delhi. After falling for three consecutive sessions, the prices of gold and silver rose sharply on Monday. Gold jumped by Rs 220 to Rs 72,820 per 10 gram in the national capital amid strong trend in foreign markets due to rising tensions in West Asia. In the previous trading session on Friday, gold had closed at Rs 72,600 per 10 gram. Silver prices also rose by Rs 1,050 to close at Rs 92,850 per kg. In the previous trading session, it had closed at Rs 91,800 per kg.

HDFC Securities Senior Commodity Analyst Saumil Gandhi said, “The price of spot gold (24 carat) in Delhi markets rose by Rs 220 to Rs 72,820 per 10 grams.” In the international market Comex (commodity market), spot gold was trading at $ 2,344 an ounce, which is nine dollars more than the previous closing price. Gandhi said that gold resumed trading with a positive trend with the support of a soft US dollar and due to the increase in geopolitical tensions in West Asia after Israel’s air strike in Rafah, the demand for gold has increased as a safe investment option. Apart from this, silver also rose to $ 30.75 an ounce.

Disclaimer: CricketInFocus has not edited this news. This news has been published from PTI-language feed.



Other News

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top