India

Oi-Vicky Nanjappa

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Printed: Thursday, July 23, 2020, 17:31 [IST]

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New Delhi, 23 July:
Based on HDFC Securities, gold costs crossed the Rs 51,000 mark within the nationwide capital on Thursday on sturdy worldwide costs, which rose by Rs 502 on Thursday.

Within the earlier commerce, the valuable steel rose by Rs 502 to Rs 51,443 per 10 grams as towards Rs 50,941 per 10 grams.

Today the price of gold crossed Rs 51,000

Silver, nonetheless, fell by Rs 69 to Rs 62,760 per kg from Rs 62,829 per kg on Wednesday.

HDFC Securities Senior Analyst (Commodities) Tapan Patel stated, “Spot gold of 24 carat in Delhi touched a brand new buying and selling excessive of Rs 51,000, which was additional elevated by Rs 502 on larger gold costs.”

Within the worldwide market, gold was buying and selling at $1,875 an oz, whereas silver was flat at $22.76 an oz.

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“Tensions between the US and China have strengthened gold costs. The rise in virus instances within the US has boosted safe-haven demand for the valuable steel,” he stated.

Story First printed: Thursday, July 23, 2020, 17:31 [IST]



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