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Wednesday, May 29, 2024

Gold rises Rs 90; silver zooms Rs 800

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NEW DELHI, Aug 23: Gold prices rose Rs 90 to Rs 59,500 per 10 grams in the national capital on Wednesday amid a jump in precious metal prices in global markets, according to HDFC Securities.

The yellow metal had finished at Rs 59,410 per 10 grams in the previous trade.

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Silver also zoomed Rs 800 to Rs 75,300 per kilogram.

“Gold gained for the second consecutive day on Wednesday, with spot gold prices in the Delhi markets trading at Rs 59,500/10 grams, up by Rs 90, taking positive cues from overseas markets,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.

In the international markets, gold and silver were up at USD 1,903 per ounce and USD 23.75 per ounce, respectively.

“Gold and silver continue to inch higher, amidst a slight pullback in US dollar and treasury yields ahead of a central bankers’ gathering that could provide cues on interest rates outlook,” Navneet Damani, Senior Vice President – Commodity Research at Motilal Oswal Financial Services, said. (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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