Silver climbs Rs 4,000; gold adds Rs 600

New Delhi: Silver prices climbed Rs 4,000 to Rs 2.68 lakh per kilogram in the national capital, while gold edged up to Rs 1.61 lakh per 10 grams tracking strong global trends.

According to the All India Sarafa Association, the white metal jumped by Rs 4,000, or 1.5 per cent, to Rs 2,68,500 per kilogram from Tuesday’s closing level of Rs 2,64,500 per kg.

Gold of 99.9 per cent purity also witnessed buying by traders, with prices rising Rs 600, or 0.4 per cent, to Rs 1,61,300 per 10 grams.

It had settled at Rs 1,60,700 per 10 grams in the previous session.”Gold and silver advanced on Wednesday supported by growing expectations of a more aggressive rate cut by the Federal Reserve,” Saumil Gandhi, Senior Analyst, Commodities at HDFC Securities, said.