India News | Gold Climbs Rs 400; Silver Tumbles Rs 430
Get latest articles and stories on India at LatestLY. Gold price climbed Rs 400 to Rs 58,040 per 10 gram in the national capital on Friday amid a rise in the precious metal prices globally, according to HDFC Securities.
New Delhi, Mar 17 (PTI) Gold price climbed Rs 400 to Rs 58,040 per 10 gram in the national capital on Friday amid a rise in the precious metal prices globally, according to HDFC Securities.
The yellow metal had settled at Rs 57,640 per 10 gram in the previous trade.
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Silver, however, tumbled Rs 430 to Rs 67,600 per kilogram.
"Spot gold prices in the Delhi markets traded at Rs 58,040 per 10 gram, up Rs 400 per 10 gram," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
In the overseas markets, gold was quoting higher at USD 1,928 per ounce while silver was down at USD 21.87 per ounce.
Comex Gold prices traded higher in Asian trading hours on Friday.
The recent rally in the yellow metal was supported by safe haven buying as concerns about the banking crisis continue after the European Central Bank hiked interest rates despite the ongoing financial stability risks, Gandhi 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)