scorecardresearchGold jumps ₹250, silver zooms ₹900; check rates here

Gold jumps 250, silver zooms 900; check rates here

Updated: 27 Jul 2023, 04:47 PM IST
TL;DR.

  • In the international market, gold and silver were trading higher at USD 1,980 per ounce and USD 25.03 per ounce, respectively.

Gold advanced on Thursday, with spot gold prices in the Delhi markets trading at  <span class='webrupee'>₹</span>60,600/10 grams.

Gold advanced on Thursday, with spot gold prices in the Delhi markets trading at 60,600/10 grams.

(PTI) Gold price jumped 250 to 60,600 per 10 grams in the national capital on Thursday amid strong global cues, according to HDFC Securities.

In the previous trade, the yellow metal had closed at 60,350 per 10 grams.

Silver also zoomed 900 to 77,900 per kilogramme.

Gold advanced on Thursday, with spot gold prices in the Delhi markets trading at 60,600/10 grams, up by 250 per 10 grams, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

In the international market, gold and silver were trading higher at USD 1,980 per ounce and USD 25.03 per ounce, respectively.

As expected, the US Federal Reserve raised the Fed fund rate by 25 basis points to the 5.25-5.50 per cent range and kept its options going forward open as it made the future cases depending on incoming data.

Traders will look forward to today's the European Central Bank monetary policy decision as the central bank is widely expected to hike the key rate by 25 basis points. However, the focus will be on future rate hike possibilities, Praveen Singh - Associate VP, Fundamental Currencies and Commodities at Sharekhan by BNP Paribas, said.

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First Published: 27 Jul 2023, 04:47 PM IST