Gold Jumps Rs 550; Silver Declines Rs 400

New Delhi: Gold prices rose Rs550 to Rs97,350 per 10 grams in the national capital on Monday amid rise in precious metal rates in the global markets. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs96,800 per 10 grams on Friday. Gold of 99.5 per cent purity also appreciated Rs550 to Rs96,900 per 10 grams on Monday. The yellow metal had settled at Rs96,350 per 10 grams in the previous market session. Meanwhile, the most traded June contract for gold futures rallied Rs1,663, or 1.8 per cent, to Rs94,300 per 10 grams on the Multi Commodity Exchange. However, silver prices declined Rs400 to Rs96,700 per kg from the previous close of Rs97,100 per kg, as per the Sarafa Association. Spot gold in the international markets rose $46.34, or 1.43 per cent, to $3,286.83 per ounce.