Gold costs on Monday rose Rs 258 to Rs 51,877 per 10 grams within the nationwide capital supported by rupee depreciation, in keeping with HDFC Securities. The valuable metallic had closed at Rs 51,619 per 10 grams within the earlier commerce. Silver additionally gained Rs 837 to Rs 69,448 per kg, from Rs 68,611 per kg within the earlier commerce.
The rupee depreciated 21 paise to 73.35 (provisional) in opposition to the US greenback on Monday.
Within the worldwide market, gold and silver each had been buying and selling flat at USD 1,932 per ounce and USD 26.93 per ounce, respectively.
“Gold costs held slender buying and selling vary on Monday within the absence of US markets,” HDFC Securities Senior Analyst (Commodities) Tapan Patel mentioned.
Navneet Damani, vice-president (commodities analysis) of Motilal Oswal Monetary Companies, mentioned, “Gold in immediately’s (Monday) Asian session has been buying and selling on a flat observe and volatility remained low as US markets remained shut on account of the Labour Day vacation.
Newest Enterprise Information
Battle in opposition to Coronavirus: Full protection