Gold price today: Yellow metal rises above ₹60,000 per 10 gms; silver price rallies by 0.5%
Gold prices in India rose above ₹60,000 level, while the silver prices traded more than half a percent higher on the Multi Commodity Exchange (MCX) on Tuesday.
On MCX, gold prices traded 0.25% higher at ₹60,000 per 10 grams, while silver gained 0.57% to ₹72,283 per kg, at 5:20 pm.
“Spot gold prices in the Delhi markets traded at ₹60,775/10 gram, up ₹375 per 10 gram,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities.
Gold prices climbed in the national capital on Tuesday amid a rise in the precious metal’s prices in overseas markets, according to HDFC Securities.
In Mumbai, standard gold with 995 purity fineness ended at ₹59,856.00 per 10 grams, while pure gold with 999 purity fineness ended at ₹60,096.00. Silver spot price was ₹71,904.00 per kg.
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In international markets, gold prices traded in a narrow range as investors sought more clarity around the US Federal Reserve’s policy outlook, but lower Treasury yields kept a floor under non-yielding bullion, Reuters reported.
Spot gold fell 0.1% to $1,960.70 per ounce, while US gold futures rose 0.2% to $1,977.20.
(With PTI Inputs)
(Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.)
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Updated: 06 Jun 2023, 05:40 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.