Gold climbs Rs 513; silver jumps Rs 190

Gold prices in the national capital on Thursday rallied Rs 513 to Rs 49,738 per 10 grams, reflecting overnight gains in international precious metal prices, according to HDFC Securities.

In the previous trade, the yellow metal settled at Rs 49,225 per 10 grams.

Silver zoomed by Rs 190 to Rs 63,222 per kg, from Rs 63,032 per kg in the previous trade.

“Spot gold prices for 24 carat gold at Delhi rose by Rs 513 reflecting overnight gains in COMEX gold prices despite of rupee appreciation,” Tapan Patel, senior analyst (commodities) at HDFC Securities, said.

In the international market, gold was trading 0.37 per cent higher at USD 1,876 per ounce and silver was flat at USD 23.58 per ounce.

“Gold prices traded higher with spot gold prices at COMEX trading 0.37 per cent up near USD 1,876 per ounce on Thursday,” he added.