Advertisement
Gold jumps Rs 433; silver zooms Rs 990 amid strong global trends
Silver also zoomed Rs 990 to Rs 69,208 per kg. "Spot gold prices in the Delhi markets traded at Rs 57,025 per 10 grams, up Rs 433 per 10 grams," said an analyst at HDFC Securities.
 "Gold jumps Rs 433; silver zooms Rs 990 amid strong global trends")
File Photo - Gold prices jumped by Rs 433 to Rs 57,025 per 10 grams.
- The precious metal had ended at Rs 56,592 per 10 grams in the previous trade.
- Silver also zoomed Rs 990 to Rs 69,208 per kg.
New Delhi: Gold prices jumped by Rs 433 to Rs 57,025 per 10 grams on Friday amid a rally in the metal in the global markets, according to HDFC Securities. The precious metal had ended at Rs 56,592 per 10 grams in the previous trade.
Silver also zoomed Rs 990 to Rs 69,208 per kg. "Spot gold prices in the Delhi markets traded at Rs 57,025 per 10 grams, up Rs 433 per 10 grams," said an analyst at HDFC Securities. (Also Read: Get Poco F4 5G for FREE, But there's a catch)
In the overseas markets, both gold and silver were trading in green at USD 1,932 per ounce and USD 24.02 per ounce, respectively. (Also Read: Microsoft was my first job after college: Indian-origin worker FIRED from company after working 21 years, pens down heart-rending note)
Comex gold prices traded up in Asian hours on Friday supported by safe-haven demand as weak US economic readings and hawkish comments from Federal Reserve members fuelled recession worries, the analyst said.
"Market participants are anticipating a 25 bps rate hike in the February meet, lower than the previous meetings, this is weighing on the US yields as well supporting bullion," said Navneet Damani, Senior VP of Commodity Research at Motilal Oswal Financial Services.
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.
