(PTI) Gold prices rose from 295 According to HDFC Securities, the precious metal traded at Rs 57,217 per 10 grams in the national capital on Tuesday amid a rally in the global precious metal.
was finished on yellow metal 56,922 per 10 grams in the previous trade.
Silver however declined since 63 68,779 per kg.
“Spot gold prices traded flat in Delhi markets 57,217 per 10 grams, above 295 per 10 grams,” said an analyst at HDFC Securities.
In the overseas market, gold was trading higher at $1,938 an ounce, while silver was trading lower at $23.64 an ounce.
The analyst said gold was trading higher by 0.36 per cent at $1,938 an ounce on Comex.
Navneet Damani, Senior VP, Commodity Research, Motilal Oswal Financial Services said, “Gold prices edged up as dollar gained while investors looked forward to more US economic data amid expectations of a slow pace of interest rate hikes.” ” ,
Investors will scan the US Q4 GDP report and US core PCE price index data later this week ahead of the US Fed policy meeting on Jan 31-Feb 1. Today’s focus will be on preliminary manufacturing and services PMI data from major economies, Damani. Told.
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