Live tv
search
  1. You Are At:
  2. English News
  3. Business
  4. Gold rate today: Prices surge by Rs 429 to Rs 50,577 per 10 grams

Gold rate today: Prices surge by Rs 429 to Rs 50,577 per 10 grams

Silver also zoomed by Rs 775 to Rs 65,557 per kg on industrial demand, from Rs 64,812 per kg earlier.

PTI Reported by: PTI New Delhi Published on: February 28, 2022 20:32 IST
gold rate today,gold rate today mumbai,gold rate today kalyan,gold rate in mumbai,gold rate today pu
Image Source : PTI (FILE)

The yellow metal had closed at Rs 50,148 per 10 grams in the previous trade.

Highlights

  • Gold prices rose by Rs 429 to Rs 50,577 per 10 grams in the national capital on Monday.
  • Silver also zoomed by Rs 775 to Rs 65,557 per kg on industrial demand, from Rs 64,812 per kg.
  • The yellow metal had closed at Rs 50,148 per 10 grams in the previous trade.

Gold prices rose by Rs 429 to Rs 50,577 per 10 grams in the national capital on Monday due to inflation worries after Western countries ramped up sanctions on Russia for invading Ukraine, according to HDFC Securities. The yellow metal had closed at Rs 50,148 per 10 grams in the previous trade.

Silver also zoomed by Rs 775 to Rs 65,557 per kg on industrial demand, from Rs 64,812 per kg earlier.

"Gold prices rose in line with gains in COMEX gold. Gold prices traded higher on inflation worries after Western countries imposed sanctions on Russia including exclusion from SWIFT transaction system," said Tapan Patel, Senior Analyst (Commodities), HDFC Securities.

"The US bond yields declined to 1.90 per cent boosting buying in gold. The escalation in the Ukraine crisis may support gold prices for short term. Gold prices may remain volatile reacting to the development on Russia-Ukraine talks on Monday," Patel said.

Also Read | India's GDP grows 5.4 pc in Q3; remains world's fastest growing major economy

 

 

Latest Business News