Gold prices zoomed Rs 752 to Rs 40,652 per 10 gram in the national capital on Friday on strong global trend and weak rupee, according to HDFC Securities.
Similarly, silver prices also jumped Rs 960 to Rs 48,870 per kg from Rs 47,910 per kg in the previous trade.
Gold had closed at Rs 39,900 per 10 gram on Thursday.
“Taking cues from global prices and weaker rupee, spot gold for 24 Karat in Delhi quoted at Rs 40,652 per 10 grams,” HDFC securities Head - Advisory (PCG) Devarsh Vakil said.
In the global market, both gold and silver depicted a bullish trend, quoting with gains at USD 1,547 per ounce and USD 18.20 per ounce, respectively.
“Gold prices traded higher today as geopolitical tension triggered the safe haven buying in international rates,” Vakil added.
According to Navneet Damani, VP (Commodities Research), Motilal Oswal Financial Services, “Gold prices shot up amidst rise in Middle-East tensions.”