scorecardresearchGold jumps ₹733, silver zooms ₹1,012; check rates here

Gold jumps 733, silver zooms 1,012; check rates here

Updated: 09 Jan 2023, 08:25 PM IST
TL;DR.
  • In the overseas market, gold was trading in green at USD 1,875 per ounce and silver was up at USD 23.92 per
In the overseas market, gold was trading in green at USD 1,875 per ounce and silver was up at USD 23.92 per

In the overseas market, gold was trading in green at USD 1,875 per ounce and silver was up at USD 23.92 per

(PTI) Gold price in the national capital jumped 733 to 56,380 per 10 grams on Monday amid a rally in the precious metal prices in the overseas market, according to HDFC Securities.

The yellow metal had touched 55,647 per 10 grams in the previous trade.

Silver also zoomed 1,102 to 69,834 per kilogram on Monday from 68,822 per kg in the previous trade.

"Comex Gold price traded higher in early Asian hours on Monday supported by weaker US dollar. Gold prices bullish trend will likely to continue for the day," said an analyst at HDFC Securities.

In the overseas market, gold was trading in green at USD 1,875 per ounce and silver was up at USD 23.92 per ounce.

"Meanwhile in other positive news for Gold, China reported an increase in its gold reserves for a second straight month, topping up holdings again after its first reported purchase in more than three years," the analyst added.

On Monday, the rupee gained 29 paise to close at 82.37 (provisional) against the US dollar.

"US dollar index is trading down by 0.30 per cent and consolidated near recent low. Dollar index retreated on Friday after weaker US macro data, US services industry activity contracted in December for the first time in more than 2.5 years amid weakening demand, the analyst said.

 

Article
Sovereign Gold Bonds (SGBs) are government securities denominated in gold with one gram as a basic unit.
First Published: 09 Jan 2023, 08:25 PM IST