scorecardresearchGold jumps ₹210, silver climbs ₹700; check rates here

Gold jumps 210, silver climbs 700; check rates here

Updated: 15 Sep 2023, 04:59 PM IST
TL;DR.

  • In the global markets, gold and silver were trading higher at USD 1,916 per ounce and USD 23.02 per ounce, respectively.

The precious metal had settled at  <span class='webrupee'>₹</span>59,600 per 10 grams in the previous trade.

The precious metal had settled at 59,600 per 10 grams in the previous trade.

(PTI) Gold price jumped 210 to 59,810 per 10 grams in the national capital on Friday amid strong cues in overseas markets, according to HDFC Securities.

The precious metal had settled at 59,600 per 10 grams in the previous trade.

Silver also climbed 700 to 73,700 per kilogram.

In the global markets, gold and silver were trading higher at USD 1,916 per ounce and USD 23.02 per ounce, respectively.

"The dollar index pulled back from its highest level since March and this was seen as a key factor driving some flows towards the gold price.

"However, further gains are capped by strong US macro data that continue to point to an extremely resilient American economy and support the case for further policy tightening by the Fed before the end of the year," Saumil Gandhi, senior analyst of commodities of HDFC Securities, said.

Article
Sovereign Gold Bonds (SGBs) are government securities denominated in gold with one gram as a basic unit.
First Published: 15 Sep 2023, 04:59 PM IST