A salesman arranges gold necklaces in a display case inside a jewelery showroom in Kolkata. file | photo credit: Reuters
According to HDFC Securities, gold prices rose by Rs 1,025 to hit an intraday high of Rs 61,080 per 10 grams in the national capital on Wednesday amid a strong global trend.
In the previous trade, the precious metal had closed at Rs 60,055 per 10 grams.
Silver also advanced by Rs 1,810 to Rs 73,950 per kg.
In Delhi markets, spot gold was trading at Rs 61,080 per 10 grams, up by Rs 1,025 per 10 grams.
HDFC Securities Senior Analyst – Commodities, Saumil Gandhi said, “Gold price in the domestic market has crossed Rs 61,000 per 10 gram mark.”
In the overseas market, both gold and silver were trading higher at $2,027 an ounce and $24.04 an ounce, respectively.
Comex gold prices edged higher in Asian trading hours on Wednesday and are up more than 1.80% since March 2022, showing a lower-than-anticipated US jobs opening.
Additionally, US dollar index and bond yields declined following US macro data, which fueled bullish sentiment in bullion, Mr Gandhi said.