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Gold up Rs 225 per 10 g, silver Rs 440 a kg on wedding demand, global cues

The rupee depreciated 30 paise to 71.77 against the dollar in early trade on Wednesday amid rising concerns over the US-China trade deal and political unrest in Hong Kong

Press Trust of India  |  New Delhi 

gold jewellery

Gold in the national capital rose Rs 225 to Rs 38,715 per 10 gram on Wednesday helped by wedding season demand and rally in international prices, according to HDFC Securities.

On Tuesday, the yellow metal had closed at Rs 38,490 per 10 gram.

HDFC Securities Senior Analyst (Commodities) Tapan Patel said, "Spot for 24 karat in Delhi rallied by Rs 225 on wedding season buying and rally in international The weaker rupee supported the upside in which fell around 28 paise against the dollar."

The rupee depreciated 30 paise to 71.77 against the dollar in early trade on Wednesday amid rising concerns over the US-China trade deal and political unrest in Hong Kong.

also moved up by Rs 440 to Rs 45,480 per kg from Rs 45,040 per kg in the previous trade.

In the global market, gold traded higher at $ 1,461 per ounce and silver at $ 16.90 an ounce.

"The lack of clarity from US President (Donald Trump) regarding the deal (US-China) raised uncertainty amongst investors, which attracted the safe-haven buying in gold," he added.

First Published: Wed, November 13 2019. 14:45 IST
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