New Delhi: Gold on Tuesday rose by Rs 128 to Rs 57,275 per 10 grams in the Delhi bullion market amid a firm global trend. HDFC Securities gave this information. In the previous trade, the yellow metal had closed at Rs 57,147 per 10 grams. Silver, however, declined by Rs 38 to close at Rs 67,975 per kg.
HDFC Securities Senior Analyst – Commodities Saumil Gandhi said, “Spot gold prices rose by Rs 128 to Rs 57,275 per 10 grams in Delhi markets.”
In the overseas market, gold was trading higher at $1,874 an ounce, while silver remained flat at $22.42 an ounce.
“Comex gold prices were trading in the green in Asian trading hours on Tuesday.
“Gold prices should consolidate in the day’s range as investors eye Federal Reserve Chairman Jerome Powell’s speech on the US central bank’s monetary policy stance following the latest strong non-farm payrolls data,” Gandhi said. The way is to measure.”
“This week focus will be on RBI’s Monetary Policy Committee meeting. The broad trend on COMEX may be in the range of USD 1,855 – USD 1,895 and on the domestic front, prices in the range of Rs 56,600 – 57,350 can be expected. said Navneet Damani, senior vice-president, commodity research, Motilal Oswal Financial Services.