Gold gains Rs 145 on weaker rupee

Image
Press Trust of India New Delhi
Last Updated : Oct 14 2019 | 3:10 PM IST

Gold prices rose by Rs 145 to Rs 38,885 per 10 gram in the national capital on Monday on a weaker rupee, according to HDFC Securities.

In the previous trade, the precious metal had closed at Rs 38,740 per 10 gram.

Similarly, silver also jumped Rs 240 to Rs 46,510 per kilogram from Rs 46,270 per kilogram on Saturday, it added.

"Spot gold price for 24 Karat in Delhi was up by Rs 145 to Rs 38,885 on weaker rupee against the dollar. Spot gold prices quoted higher with increased footfall in jewellery shops, signalling pick up in festival demand," Tapan Patel, senior analyst - commodities, HDFC Securities said.

In international market, gold traded marginally higher at USD 1,490 an ounce, while silver was trading at USD 17.57 per ounce.

"Gold prices traded firm on Monday with COMEX international spot gold prices trading near USD 1,490 on weak Chinese data," Patel said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 14 2019 | 3:10 PM IST

Next Story