scorecardresearchGold gains ₹255; silver zooms ₹1,610

Gold gains 255; silver zooms 1,610

Updated: 29 Jul 2022, 03:24 PM IST
TL;DR.

In the international market, gold was trading higher at USD 1,762 per ounce while silver was flat at USD 20.10 per ounce.

FILE PHOTO: A worker places gold bullion on display at Hatton Garden Metals precious metal dealers in London, Britain July 21, 2015. REUTERS/Neil Hall

FILE PHOTO: A worker places gold bullion on display at Hatton Garden Metals precious metal dealers in London, Britain July 21, 2015. REUTERS/Neil Hall

(PTI) Gold prices rose by 255 to 51,783 per 10 grams in the national capital in line with strong global cues, according to HDFC Securities.

The precious metal had closed at 51,528 per 10 grams in the previous trade.

Silver also surged by 1,610 to 58,387 per kg from 56,777 per kg in the previous trade.

In the international market, gold was trading higher at USD 1,762 per ounce while silver was flat at USD 20.10 per ounce.

"Gold prices rallied on safe haven buying after US economy technically slipped into recession with GDP contracting for the second month," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities. 

First Published: 29 Jul 2022, 03:24 PM IST