Gold hits new file excessive of Rs 50,920 per 10 gm; silver additionally glitters


New Delhi, July 22

Gold costs within the nationwide capital hit a brand new file excessive rising Rs 430 to Rs 50,920 per 10 gram on Wednesday, reflecting features within the worldwide costs of the dear metallic, in keeping with HDFC Securities.

In the earlier commerce, gold had closed at Rs 50,490 per 10 gram.

Silver was additionally in big demand as its costs zoomed Rs 2,550 to Rs 60,400 per kg, from Rs 57,850 per kg on Tuesday.

“Spot gold prices for 24 karat in Delhi hit a new record high rallying by Rs 430, reflecting gains in international prices,” HDFC Securities Senior Analyst (Commodities) Tapan Patel mentioned.

In the worldwide market, gold was buying and selling increased at USD 1,855 per ounce and silver at USD 21.80 per ounce.

Gold witnessed sharp shopping for with spot worldwide costs rallying above USD 1,850 per ounce on Wednesday, he added.

“Surge in coronavirus cases in the US has boosted safe-haven demand for the precious metals,” Patel mentioned. PTI



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