Gold surges  <span class='webrupee'>₹</span>180, silver gains  <span class='webrupee'>₹</span>400 on September 18, 2023

Gold surges rupees 180, silver gains rupees 400 on September 18, 2023 {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

Gold prices in the national capital rose by rupees 180 to reach rupees 60,200 per 10 grams on Monday. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

Silver prices also saw an increase of rupees 400, reaching rupees 74,400 per kilogram. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

The previous day, gold closed at rupees 60,020 per 10 grams. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

These price gains were attributed to a positive trend in overseas gold markets. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

In the global market, gold was trading at USD 1,927 per ounce, while silver was at USD 23.10 per ounce. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

Investors are expecting a pause in interest rate hikes by the Federal Reserve at its upcoming policy meeting, which has influenced gold prices. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

The steady performance of gold follows a recovery seen towards the end of the previous week. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

Saumil Gandhi, a senior analyst at HDFC Securities, provided insights into the price increase in the Delhi markets. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

Click here to know more about gold and silver rates. Check here for more market-related stories. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}