Gold gains Rs 877 to Rs 50,619 per 10 gram

New Delhi: Gold rose Rs 877 to Rs 50,619 per 10 gram in the national capital on Monday in line with gains in global precious metal prices.

In the previous trade, the precious metal had closed at Rs 49,742 per 10 gram. Silver also gained Rs 2,012 to Rs 69,454 per kg, from Rs 67,442 per kg in the previous trade.

In the international market, Gold began the new year by climbing nearly 2% on Monday, closing in on a near two-month peak, as the dollar slid to 2018 lows and prospects of tougher restrictions to combat a new variant of the coronavirus kept safe-haven bullion in demand. Spot gold was up 1.7% to $1,930.65 per ounce at 1023 GMT, having hit its highest since Nov. 9 at $1,934.81. U.S. gold futures climbed 2.2% to $1,936.30, a Reuters report said.

Silver gained 3.3% to $27.24 an ounce, touching a two-week high since Dec. 21. Platinum rose 2.6% to $1,096.27, after hitting its highest since September 2016 at $1,106.65, while palladium fell 1.5% to $2,411.44, Reuters added.