(PTI) Gold price jumped ₹395 to ₹55,540 per 10 grams in the national capital on Friday amid strong global trends, according to HDFC Securities.
In the previous trade, the precious metal had ended at ₹55,145 per 10 grams.
Silver, however, declined ₹115 to ₹62,095 per kilogramme.
"Spot gold prices in the Delhi markets traded at ₹55,540 per 10 grams, up ₹395 per 10 grams," said Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities.
In the overseas market, gold was trading higher at USD 1,833 per ounce while silver was down at USD 20.09 per ounce.
"Gold price inched higher as the dollar and US Yields eased after data showed that weekly US jobless claims grew more than expected, spurring hopes that a softening labour market could pave the way for less-aggressive rate hikes from the US Federal Reserve," Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said.