Gold price today: Yellow metal rises above ₹60,000 per 10 gms; silver price rallies by 0.5%
In international markets, gold prices traded in a narrow range as investors sought more clarity around the US Federal Reserve's policy outlook, but lower Treasury yields kept a floor under non-yielding bullion, Reuters reported.
PremiumGold prices in India rose above ₹60,000 level, while the silver prices traded more than half a percent higher on the Multi Commodity Exchange (MCX) on Tuesday.
On MCX, gold prices traded 0.25% higher at ₹60,000 per 10 grams, while silver gained 0.57% to ₹72,283 per kg, at 5:20 pm.
"Spot gold prices in the Delhi markets traded at ₹60,775/10 gram, up ₹375 per 10 gram," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities.
Gold prices climbed in the national capital on Tuesday amid a rise in the precious metal's prices in overseas markets, according to HDFC Securities.
In Mumbai, standard gold with 995 purity fineness ended at ₹59,856.00 per 10 grams, while pure gold with 999 purity fineness ended at ₹60,096.00. Silver spot price was ₹71,904.00 per kg.
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In international markets, gold prices traded in a narrow range as investors sought more clarity around the US Federal Reserve's policy outlook, but lower Treasury yields kept a floor under non-yielding bullion, Reuters reported.
Spot gold fell 0.1% to $1,960.70 per ounce, while US gold futures rose 0.2% to $1,977.20.
(With PTI Inputs)
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