(PTI) Gold jumped ₹110 to ₹59,410 per 10 grams in the national capital on Tuesday amid strong cues in overseas market, according to HDFC Securities.
In the previous trade, the yellow metal had closed at ₹59,300 per 10 gram.
Silver also rallied ₹1,000 to ₹74,500 per kg.
In the international markets, both gold and silver were trading higher at USD 1,897 per ounce and USD 23.25 per ounce, respectively.
"Gold prices rebounded, helped by a weaker dollar index and safe-haven demand.
"Gold sellers trimmed their positions due to factors such as increased risk aversion in the market after S&P followed by Moody's in downgrading and cutting the outlook for a slew of US banks," Saumil Gandhi, senior analyst, Commodities at HDFC Securities, said.