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Gold climbs Rs 211; silver jumps Rs 593

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NEW DELHI, Dec 8 (PTI): Gold prices rose Rs 211 to Rs 54,270 per 10 grams in the national capital on Thursday, amid gains in the precious metal in overseas market, according to HDFC Securities.

In the previous trade, the yellow metal had touched Rs 54,059 per 10 grams. Silver also jumped Rs 593 per kg to Rs 66,662 per kilogram.

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“Overnight risk-averse sentiments and lower bond yield pushed the haven gold price higher in the Asian trading hours,” said Dilip Parmar, research analyst at HDFC Securities.

In the international market, gold was trading in green at USD 1,782.3 per ounce while silver was up at USD 22.71 per ounce.

“Gold Price was supported by a pullback in the dollar and US bond yields as investors anticipate slower rate hikes from the US Federal Reserve at its policy meeting next week,” Navneet Damani, senior VP – Commodity Research at Motilal Oswal Financial Services, said.

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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.
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