Gold prices in the national capital rose by Rs 152 to Rs 49,871 per 10 grams on Wednesday, amid a rise in international precious metal prices along with rupee depreciation, according to Securities. In the previous trade, the yellow metal had closed at Rs 49,719 per 10 grams.
Silver also jumped by Rs 333 to Rs 57,406 per kilogram from Rs 57,073 per kg in the previous trade.
The rupee depreciated by 8 paise to 79.82 against the US dollar in opening trade on Wednesday as investors await the US Fed’s policy decision on interest rates for further cues.
In the international market, gold was trading higher at USD 1,671 per ounce while silver was flat at USD 19.35 per ounce.
“Gold prices traded higher ahead of US FOMC meet and geopolitical tension after Russian president Vladimir Putin announced a partial military mobilisation, escalating the war in Ukraine,” said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.