(PTI) Gold prices jumped by ₹475 to ₹55,955 per 10 grams in the national capital on Wednesday amid strong global trends, according to HDFC Securities.
The precious metal had ended at ₹55,480 per 10 grams in the previous trade.
Silver, however, plummeted by ₹1,225 to ₹63,825 per kg.
"Spot gold prices in the Delhi markets traded at ₹55,955 per 10 grams, up ₹475 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 marginally up at USD 21.04 per ounce.
"COMEX gold strengthened above USD 1,830 per ounce in the Asian trading hours on Wednesday, as the dollar eased from recent highs," Sriram Iyer, Senior research analyst at Reliance Securities, said.