Gold price rose Rs 50 to Rs 75,100 per 10 grams in the national capital on Thursday driven by jewellers’ buying and a firm trend in the international markets, according to All India Sarafa Association. The precious metal had settled at Rs 75,050 per 10 grams on Wednesday.
Silver prices also climbed by Rs 100 to Rs 94,500 per kg. It had closed at Rs 94,400 per kg in the previous session.
In sarafa markets, the yellow metal was trading at Rs 75,100 per 10 grams, up by Rs 50 against the previous close, the association said.
Traders said gold rallied due to fresh demand from local jewellers and a firm trend in overseas markets.
In the global markets, spot gold was trading higher at USD 2,389.20 per ounce, up by USD 9.50 per ounce. Gold prices firmed for a third consecutive session with investors awaiting US inflation data due later in the day for more insights on the Federal Reserve’s interest rate path, Manav Modi, Senior Analyst, Commodity Research, said.
