global market Amid the rise in the prices of precious metals, gold rose by Rs 500 to Rs 72,350 per 10 grams in the bullion market of the national capital on Thursday. HDFC Securities gave this information. In the last trading session, gold had closed at Rs 71,850 per 10 grams. The price of silver also strengthened by Rs 400 to Rs 83,500 per kg. Earlier it had closed at Rs 83,100 per kg.
The bullion market was closed on May 1
The bullion market remained partially closed on May 1 on the occasion of ‘Maharashtra Day’ and ‘Labour Day’. HDFC Securities Senior Analyst (Commodities) Saumil Gandhi said, “Amid a weak trend overseas, spot gold (24 carat) in Delhi was trading at Rs 72,350 per 10 grams, which is Rs 500 more than the previous closing price.” In the international market Comex (commodity market), spot gold stood at $ 2,304 an ounce, which is $ 16 higher than the previous closing price. Silver was also trading with gains at $ 26.45 an ounce. In the last trade it had closed at $ 26.39 an ounce.
Waiting for unemployment figures
Jatin Trivedi, vice president (research analyst), commodities and currencies at LKP Securities, said investors are now waiting for non-farm payrolls and unemployment data, which is expected to provide further information on the direction of bullion prices.
Latest Business News