Bullion prices further rise on global cues

New Delhi: Gold prices rose Rs90 to Rs59,500 per 10 grams in the national capital on Wednesday amid a jump in precious metal prices in global markets, according to HDFC Securities.

The yellow metal had finished at Rs59,410 per 10 grams in the previous trade. Silver also zoomed Rs800 to Rs75,300 per kilogram. “Gold gained for the second consecutive day on Wednesday, with spot gold prices in the Delhi markets trading at Rs59,500/10 grams, up by Rs90, taking positive cues from overseas markets,” said Saumil Gandhi, senior analyst (commodities) at HDFC Securities.

“Gold and silver continue to inch higher, amidst a slight pullback in US dollar and treasury yields ahead of a central bankers’ gathering that could provide cues on interest rates outlook,” said Navneet Damani, senior vice-president (commodity research) at Motilal Oswal Financial Services.