scorecardresearchGold rallies ₹402 on strong global cues

Gold rallies 402 on strong global cues

Updated: 25 Aug 2022, 03:27 PM IST
TL;DR.

Gold had closed at 51,895 per 10 grams in the previous trade.

FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh November 4, 2009. REUTERS/Ajay Verma

FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh November 4, 2009. REUTERS/Ajay Verma

(PTI) Gold prices on Thursday rose by 402 to 52,297 per 10 grams amid strong global cues, according to HDFC Securities.

The yellow metal had closed at 51,895 per 10 grams in the previous trade.

Silver also rallied 711 to 56,191 per kg from 55,480 per kg in the previous trade.

In the international market, gold was trading higher at USD 1,763 per ounce while silver was flat at USD 19.35 per ounce.

"Gold prices recovered with dollar decline and weak US economic data," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities. 

First Published: 25 Aug 2022, 03:27 PM IST