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Gold jumps ₹506; silver zooms ₹1,374

Image for representation purpose only.

Picture for illustration objective solely.
| Photograph Credit score: Ok. Murali Kumar

Gold worth within the nationwide capital jumped ₹506 to ₹55,940 per 10 grams on Tuesday amid a rally in costs of the dear metallic internationally, in line with HDFC Securities.

The yellow metallic had touched ₹55,434 per 10 grams within the earlier commerce.

Silver additionally zoomed to ₹1,374 to ₹71,224 per kilogram.

“Comex spot gold worth have resumed buying and selling on a optimistic word in early Asian hours on Tuesday. Secure haven demand pushed yellow metallic’s worth larger,” stated an analyst at HDFC Securities.

Within the abroad market, gold was buying and selling in inexperienced at $1,843 per ounce whereas silver was up at $24.37 per ounce.

“Gold costs inched larger hitting a six-month excessive as market’s consideration flip to minutes from the U.S. Federal Reserve’s newest coverage assembly, due this week. Minutes from the Fed’s December coverage assembly are due on Wednesday, which might supply hints on the central financial institution’s tightening path,” Navneet Damani, Senior VP – Commodity Analysis at Motilal Oswal Monetary Providers, stated.

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