Gold, silver marginally up
"Gold prices rallied supported by dollar decline and fall in US bond yields," said Tapan Patel, Senior Analyst (Commodities), HDFC Securities
New Delhi: Gold prices rose marginally by Rs 9 to Rs 46,431 per 10 gram in the national capital on April 16, according to HDFC Securities.
In the previous trade, the precious metal had closed at Rs 46,422 per 10 gram.
Silver also gained Rs 53 to Rs 67,460 per kg from Rs 67,407 per kg in the previous trade.
In the international market, gold was quoting higher at USD 1,764 per ounce and silver was flat at USD 25.87 per ounce.
“Gold prices rallied supported by dollar decline and fall in US bond yields,” said Tapan Patel, Senior Analyst (Commodities), HDFC Securities.
“Gold traded higher to a more than one-month peak as US Treasury yields slipped despite better-than-expected US economic data, pushing investors to bullion as a refuge against possible inflation ahead,” said Navneet Damani, VP – Commodities Research, Motilal Oswal Financial Services.
Download Money9 App for the latest updates on Personal Finance.
