New Delhi, Mar 25 (PTI) Gold rose by Rs 30 to Rs 51,827 per 10 grams in the national capital on Friday following overnight gains in the precious metal in global markets, according to HDFC Securities.

In the previous trade, gold settled at Rs 51,797 per 10 grams.

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Silver also spurted by Rs 596 to Rs 69,089 per kg from Rs 68,493 per kg in the previous trade on industrial demand.

In the international market, both gold and silver were trading flat at USD 1,956 per ounce and USD 25.54 per ounce, respectively.

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"Gold prices traded steady with spot gold prices at COMEX trading at USD 1,956 per ounce on Friday," said Tapan Patel, Senior Analyst (Commodities), HDFC Securities.

According to Navneet Damani, Senior VP – Commodities Research, Motilal Oswal Financial Services, "Gold is on course for a third weekly gain in four, as the Russia-Ukraine conflict escalated while the spike in oil prices this week increased demand for bullion as a safe-haven asset and an inflation hedge."

(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)