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Gold glitter on global cues, jumps Rs 450

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NEW DELHI, Dec 28: Gold prices surged Rs 450 to Rs 64,300 per 10 grams in the national capital on Thursday amid strong global cues, according to HDFC Securities.

This is at least the second time the precious metal prices have touched a record high of Rs 64,300 per 10 grams on December 4.

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In the previous trade, the yellow metal had ended at Rs 63,850 per 10 grams.

Silver also climbed Rs 400 to Rs 79,500 per kilogram, while it had closed at Rs 79,100 per kg in the previous close.

In the international markets, gold and silver were quoting higher at USD 2,080 per ounce and USD 24.31 per ounce, respectively.

“The Comex spot gold surged to a three-week high following a fall in US Treasury yields and the dollar index, while traders anticipate aggressive Federal Reserve interest rate cuts by next year,” Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.

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The US jobs data, to be released on Thursday, will give more cues on the macro front and provide further insights into the potential shifts in the US Fed’s monetary policy, Gandhi added. (PTI)

 

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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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