Friday, Aug 07, 2020 | Last Update : 04:01 PM IST

136th Day Of Lockdown

Maharashtra47977931637516792 Tamil Nadu2791442210874571 Andhra Pradesh1967891128701753 Karnataka158254802812897 Delhi1415311271244059 Uttar Pradesh108974634021918 West Bengal86754610231902 Telangana7525753239601 Gujarat65704485612529 Bihar6203140760349 Assam4816233429115 Rajasthan4667932832732 Haryana3779631226448 Odisha3768124483258 Madhya Pradesh3508225414912 Kerala279561629988 Jammu and Kashmir2239614856417 Punjab1901512491462 Jharkhand140705199129 Chhatisgarh10109761369 Uttarakhand8008484795 Goa7075511460 Tripura5520367528 Puducherry4147253758 Manipur301818147 Himachal Pradesh2879171013 Nagaland24056594 Arunachal Pradesh179011053 Chandigarh120671520 Meghalaya9173305 Sikkim7832971 Mizoram5022820
  Business   Market  22 Jul 2020  Gold prices hit record high, crosses Rs 50,000-mark for first time

Gold prices hit record high, crosses Rs 50,000-mark for first time

PTI
Published : Jul 22, 2020, 12:53 pm IST
Updated : Jul 22, 2020, 4:02 pm IST

Silver was also in huge demand as its prices zoomed Rs 2,550 to Rs 60,400 per kg

 India gold prices hit all-time high, dampens retail demand. (AFP Photo)
  India gold prices hit all-time high, dampens retail demand. (AFP Photo)

MUMBAI: Gold prices in the national capital hit a new record high rising Rs 430 to Rs 50,920 per 10 gram on Wednesday, reflecting gains in the international prices of the precious metal, according to HDFC Securities.

In the previous trade, gold had closed at Rs 50,490 per 10 gram.

 

Silver was also in huge demand as its prices zoomed Rs 2,550 to Rs 60,400 per kg, from Rs 57,850 per kg on Tuesday.

"Spot gold prices for 24 karat in Delhi hit a new record high rallying by Rs 430, reflecting gains in international prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

In the international market, gold was trading higher at USD 1,855 per ounce and silver at USD 21.80 per ounce.

Gold witnessed sharp buying with spot international prices rallying above USD 1,850 per ounce on Wednesday, he added.

"Surge in coronavirus cases in the US has boosted safe-haven demand for the precious metals," Patel said.

 

Tags: gold silver prices, gold price, silver price
Location: India, Maharashtra, Mumbai (Bombay)