New Delhi, Jul 13 (PTI) Gold prices jumped Rs 120 to Rs 49,960 per 10 gram in the national capital on Monday following gains in global prices, according to HDFC Securities.

In the previous trade, the precious metal had closed at Rs 49,840 per 10 gram.

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Silver also rose by Rs 858 to Rs 53,320 per kg from Rs 52,462 per kg in the previous trade.

In the international market, gold was trading with gains at USD 1,805 per ounce, while silver was quoting at USD 19.03 per ounce.

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"Gold prices continued upside on Monday on concerns over surge in COVID-19 cases in the world," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)