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Gold rises marginally, silver features Rs 451

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Gold costs rose marginally by Rs three to Rs 50,114 per 10 gram within the nationwide capital on Tuesday amid uneven commerce and rupee depreciation, in response to HDFC Securities.

The valuable steel had closed at Rs 50,111 per 10 gram within the earlier commerce.

Silver costs jumped Rs 451 to Rs 62,023 per kilogram from Rs 61,572 per kilogram within the final commerce.

“Spot gold prices for 24 carat in Delhi were trading marginally up by Rs 3 on choppy global gold prices and rupee depreciation. The spot rupee was trading around 12 paise weaker against the dollar for the day,” HDFC Securities Senior Analyst (Commodities) Tapan Patel mentioned.

In the worldwide market, gold was buying and selling barely larger at USD 1,877 per ounce, whereas silver was quoting nearly flat at USD 24.20 per ounce.

Gold costs traded regular on Tuesday morning as traders turned their focus to broad market fundamentals over dovish US Fed, stimulus hopes and COVID-19 an infection worries. The costs might commerce sideways to larger within the present vary awaiting contemporary triggers type the market, Patel added.

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