scorecardresearchGold gains ₹294; silver climbs ₹366

Gold gains 294; silver climbs 366

Updated: 15 Nov 2022, 03:36 PM IST
TL;DR.
In the previous trade, gold had closed at 52,981 per 10 gram.
Raw gold bullion from a test sample are kept in a cast case near a furnace at a gold and silver refinery operated by MMTC-PAMP India Pvt. Ltd., in Nuh, India, on Wednesday, Aug. 31, 2022. Gold�held near its highest level in September 2022, as the dollar continued its retreat amid growing expectations that inflation may have peaked in the US. Photographer: Anindito Mukherjee/Bloomberg

Raw gold bullion from a test sample are kept in a cast case near a furnace at a gold and silver refinery operated by MMTC-PAMP India Pvt. Ltd., in Nuh, India, on Wednesday, Aug. 31, 2022. Gold�held near its highest level in September 2022, as the dollar continued its retreat amid growing expectations that inflation may have peaked in the US. Photographer: Anindito Mukherjee/Bloomberg

(PTI) Gold rallied by 294 to 53,275 per 10 gram in the national capital on Tuesday amid rise in prices of the metal in international market, according to HDFC Securities.

In the previous trade, gold had closed at 52,981 per 10 gram.

Silver also climbed 366 to 63,148 per kilogram.

In international market, gold was trading in the green at USD 1,780 per ounce while silver was up at USD 22.14 per ounce.

"Comex gold prices are hovering near three-month highs. Rising US interest rates weighed heavily on metal markets this year, as higher yields on treasuries ramped up the opportunity cost of holding non-yielding assets," said Vinay Rajani, Research Analyst at HDFC Securities. 

First Published: 15 Nov 2022, 03:36 PM IST