New Delhi, Nov 16 (PTI) Gold prices rose by Rs 94 to Rs 48,388 per 10 gram in spot markets here on Tuesday on the back of positive global cues, according to HDFC Securities.

Also Read | Delhi Shocker: 2 Female Domestic Help Found Dead at House in Jangpura.

In the previous trade, the precious metal had settled at Rs 48,294 per 10 gram.

Also Read | Northeast Delhi Riots 2020: Facebook India Officials Shivnath Thukral and G V Anand Bhushan to Depose Before Delhi Assembly Panel on November 18.

Silver, however, declined by Rs 88 to Rs 65,489 per kg from Rs 65,577 per kg in the previous trade.

In the international market, gold traded higher at USD 1,866 per ounce and silver was flat at USD 25.09 per ounce.

"Gold prices traded firm with spot gold prices at COMEX trading 0.18 per cent up at USD 1,866 per ounce on Tuesday. Gold prices have held strong trading range capping down side despite of strong dollar and firm US bond yields on inflation worries," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.

In futures trade, the December contract of gold traded marginally higher by Rs 9 at Rs 49,307 per 10 gram on MCX.

(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)