According to HDFC Securities, gold rose from 60 to ₹ 44,519 per 10 grams in the national capital on Wednesday due to strengthening global precious metal prices and the rupee depreciation.
In the previous trade, the precious metal had closed at 44,459 per 10 grams.
In contrast, silver fell from ₹ 200 to ₹ 66,536 per kg, up from previous ₹ 66,736 per kg.
According to HDFC Securities, senior analyst (commodities), Tapan Patel, 24-carat gold prices in Delhi supported strong global gold prices and a fall in the rupee.
In the international market, gold was trading at a profit of $ 1,735 an ounce and silver was flat at $ 26 an ounce.
“Gold prices rose on the third day of the week before the US FOMC (Federal Open Market Committee) meeting,” he said.
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