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Gold prices on Wednesday rose by Rs 90 to Rs 56,350 per 10 grams in the national capital’s bullion market amid a rise in the prices of the precious metal in global markets. HDFC Securities gave this information. In the last trading session, gold had closed at Rs 56,260 per 10 grams. Silver also advanced by Rs 113 to close at Rs 66,083 per kg.
Saumil Gandhi, senior analyst at HDFC Securities, said, “Spot gold prices rose by Rs 90 to Rs 56,350 per 10 grams in Delhi.” In the international market, gold rose to $ 1,841 an ounce, while silver also rose marginally to $21.84 an ounce.
Navneet Damani, Senior Vice President, Motilal Oswal Financial Services, said, “Investors await the details of the US Federal Reserve meeting, indicating further market signals and further interest rate hikes. Due to this, there was a slight fall in the dollar index and gold saw a rise.
Gold futures rise
Speculators created fresh positions due to strong demand in the spot market, due to which gold prices rose by Rs 90 to Rs 56,258 per 10 grams in futures trade on Wednesday. At the Multi Commodity Exchange, the contracts for delivery in April traded higher by Rs 90, or 0.16 per cent, at Rs 56,258 per 10 grams.
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