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Rates for yellow metal rise by Rs 527; silver surges by Rs 1,043-Business News , GadgetClock

Rates for yellow metal rise by Rs 527; silver surges by Rs 1,043-Business News , GadgetClock
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Rates for yellow metal rise by Rs 527; silver surges by Rs 1,043-Business News , GadgetClock

Rates for yellow metal rise by Rs 527; silver surges by Rs 1,043-Business News , GadgetClock

Within the worldwide market, gold was buying and selling with beneficial properties at $1,908 per ounce and silver was flat at $28.07 per ounce

Gold, silver prices today: Rates for yellow metal rise by Rs 527; silver surges by Rs 1,043

Representational picture, Reuters

New Delhi: Gold rallied Rs 527 to Rs 48,589 per 10 grams within the nationwide capital on Wednesday reflecting beneficial properties in international valuable metal costs, in line with HDFC Securities.

Within the earlier commerce, the dear metal had closed at Rs 48,062 per 10 grams.

Silver additionally witnessed heavy demand because it gained Rs 1,043 to Rs 71,775 per kg, from Rs 70,732 per kg within the earlier commerce.

Within the worldwide market, gold was buying and selling with beneficial properties at $1,908 per ounce and silver was flat at $28.07 per ounce.

HDFC Securities Senior Analyst (Commodities) Tapan Patel mentioned, “The greenback index fell to the bottom degree since January, whereas the US 10-year treasury yields dropped to 1.56 per cent, boosting shopping for in valuable metals.”

Motilal Oswal Monetary Companies Vice-President (Commodities Analysis) Navneet Damani mentioned, “Gold costs proceed to commerce larger, because it breached the physiological degree of USD 1,900 hovering round 4-1/2-month excessive amid a drop in US Treasury yields and a weaker greenback.”

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