30 C
Tuesday, May 21, 2024

Gold climbs Rs 150 to Rs 59,650/10 gm; silver rallies Rs 1,400

- Advertisement -
- Advertisement -

NEW DELHI, Aug 24: Gold prices rose by Rs 150 to Rs 59,650 per 10 grams in the national capital on Thursday amid strong global cues, according to HDFC Securities.

In the previous trade, the precious metal had closed at Rs 59,500 per 10 grams.

- Advertisement -

Silver also rallied Rs 1,400 to Rs 76,700 per kg.

In the overseas market, both gold and silver were trading higher at USD 1,920 per ounce and USD 24.20 per ounce, respectively.

“Comex gold prices surged to a two-week high following weaker US macro data that reignited optimism that policymakers are nearing the end of monetary-tightening cycles.

“Treasury yields dipped further after weak US macro data on Wednesday, which also helped gold prices continue their march northward,” Saumil Gandhi, senior analyst, commodities at HDFC Securities, said. (PTI)

- Advertisement -
The Hills Times
The Hills Timeshttps://thehillstimes.in/
Welcome to The Hills Times, your trusted source for daily news and updates in English from the heart of Assam, India. Since our establishment in 2000, we've been dedicated to providing timely and accurate information to our readers in Diphu and Guwahati. As the first English newspaper in the then undemarcated Karbi Anglong district, we've forged a strong connection with diverse communities and age groups, earning a reputation for being a reliable source of news and insights. In addition to our print edition, we keep pace with the digital age through our website, https://thehillstimes.in, where we diligently update our readers with the latest happenings day by day. Whether it's local events, regional developments, or global news, The Hills Times strives to keep you informed with dedication and integrity. Join us in staying ahead of the curve and exploring the world through our lens.
Latest news
- Advertisement -
Related news
- Advertisement -
Experience Shillong’s 7 Unforgettable Sights That Will Awaken Your Senses! 7 Must Visit Destinations In The Seven Sisters Of India 5 Rice Dishes For Summers From South India Must Visiting Places In Northeast India 5 Lighthouses That You Must Visit In India