Gold jumps Rs 264; silver climbs Rs 362
In the previous trade, the precious metal had settled at Rs 44,859 per 10 gram.
Gold in the national capital on Wednesday rose by Rs 264 to Rs 45,123 per 10 gram with recovery in global precious metal prices along with rupee depreciation, according to HDFC Securities.
In the previous trade, the precious metal had settled at Rs 44,859 per 10 gram.
WATCH | Click on Zee Business Live TV Streaming Below:
Silver also jumped Rs 362 to Rs 58,825 per kilogram from Rs 58,463 per kilogram in the previous trade.
The Indian rupee declined 13 paise to 74.19 against the US dollar in opening trade on Wednesday.
In the international market, gold was trading with gains at USD 1,739 per ounce and silver traded flat at USD 22.26 per ounce.
"Gold prices pared some of the previous losses on Wednesday after falling to seven-week lows," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.
Navneet Damani, VP, Commodities Research, Motilal Oswal Financial Services said, gold prices traded steady after inching lower in the previous session, weighed by a rise in the dollar and US Treasury yields.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Mutual Fund SIP: Invest Rs 1000 per month to grow your corpus to over Rs 3.5 core at retirement, know calculations
Top 7 Stocks to Track: This defence PSU multibagger can give 45% return; food delivery app stock likely to rise 19%
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
04:15 PM IST