India News | BIZ-GOLD-PRICES        Gold Rises Rs 761; Silver Jumps Rs 1,308

New Delhi, Jun 16 (PTI) Gold in the national capital rose by Rs 761 to Rs 48,414 per 10 gram on Tuesday in-tandem with spike in international prices of the precious metal and rupee depreciation, according to HDFC Securities.

In the previous trade, the yellow metal had closed at Rs 47,653 per 10 gram.

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The rupee dropped by 17 paise to close at 76.20 against the US dollar on Tuesday.

Silver also jumped Rs 1,308 to Rs 49,204 per kg from Rs 47,896 per kg on Monday.

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In the international market, gold was quoting higher at USD 1,731 per ounce and silver at USD 17.49 per ounce.

"Gold prices resumed uptrend on Tuesday after the US Fed announced to expand the bond buying program," 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)