Gold gains Rs 50; silver advances Rs 140

Gold prices rose Rs 50 to Rs 56,307 per 10 grams in the national capital on Monday amid gains in the precious metal globally, according to HDFC Securities. The yellow metal had ended at Rs 56,257 per 10 grams in the previous trade.

Silver prices also increased by Rs 140 to Rs 65,770 per kg.

“Spot gold prices in Delhi traded at Rs 56,307 per 10 grams, up Rs 50 per 10 grams,” said Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities.
In the overseas market, gold and silver were trading higher at USD 1,845 per ounce and USD 21.82 per ounce, respectively. International gold rebounded from morning lows in the Asian trading hours on Monday, Sriram Iyer, Senior Research Analyst at Reliance Securities said. “The focus will be on the FOMC meeting minutes and speeches by Fed officials,” he added.