(PTI) Gold rose by ₹100 to ₹60,450 per 10 gram in the national capital on Monday amid jump in precious metal prices globally, according to HDFC Securities.
The yellow metal had settled at ₹60,350 per 10 gram in the previous trade.
However, silver remained flat at ₹77,000 per kg.
"Gold rose on Monday, with spot gold in the Delhi markets trading at ₹60,450/10 gram, up by ₹100, taking positive cues from overseas markets," Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.
In MCX, gold prices also exhibited a sideways trend, closely following Comex.
The absence of significant data can support prices, combined with the weakness of the rupee due to the surge in crude oil prices, providing support to gold prices in MCX, said Jateen Trivedi, VP Research Analyst at LKP Securities.
In the international markets, gold was trading higher at USD 1,945 per ounce while silver was marginally down at USD 24.17 per ounce.
"Gold price firmed, buoyed by hopes that the Federal Reserve would take a pause from interest rate hikes this year after US data showed a jump in unemployment rate, but bullion held below last session’s one-month highs on a strong dollar and yields," said Navneet Damani, senior vice-president of commodity research at Motilal Oswal Financial Services.
