Business Standard

Gold prices up Rs 115 to Rs 39,017 per 10 gram


Press Trust of India New Delhi
Gold prices on Thursday rose Rs 115 to Rs 39,017 per 10 gram in the national capital on firm global trends, according to HDFC Securities.
On Wednesday, gold had closed at Rs 38,902 per 10 gram.
"Spot gold prices for 24 karat gold in Delhi were quoted higher by Rs 115 up for the day on a weaker rupee and strong international prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
The rupee depreciated by 7 paise to Rs 70.97 during the day.
Silver prices also increased Rs 95 to Rs 47,490 per kg, from Rs 47,395 per kg at the close of the previous trade.
The US Federal Reserve has cut key interest rates in line with the market expectations. However, the Fed has signalled to halt further monetary easing, Patel said.
In the international market, gold was trading higher at USD 1,500 per ounce and silver at USD 18 an ounce.

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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 31 2019 | 4:20 PM IST

Explore News