old and silver prices rebounded sharply on Monday after falling for three straight sessions, with the precious metal jumping Rs 220 to Rs 72,820 per 10 grams in the national capital, tracking a strong trend in the overseas market due to escalating tensions in the Middle East.
Gold had closed at Rs 72,600 per 10 grams in the previous session on Friday, according to HDFC Securities.
Silver prices also bounced Rs 1,050 to Rs 92,850 per kg. In the previous session, it had finished at Rs 91,800 per kg.
“Spot gold prices (24 carats) in the Delhi markets are trading at Rs 72,820 per 10 grams, up by Rs 220 against the previous close,” Saumil Gandhi, Senior Analyst, Commodities at HDFC Securities, said.