What is the story about?
Gold, Silver Price Today: Spot gold and silver prices rose on Wednesday as U.S. Treasury bond yields fell after data showed December retail sales growth
stalled, signalling a softening economy ahead of key jobs data.
Spot Gold and Silver Prices Today
- Gold Spot Price Today: Spot gold edged 0.3% higher to $5,038.73 per ounce by 0059 GMT (IST 6:29 AM).
- Silver Spot Price Today: Spot silver was up 1% at $81.49/oz, after falling more than 3% in the previous session.
Silver prices declined by Rs 7,500 or nearly 3 per cent to Rs 2.64 lakh per kg in the national capital on Tuesday, while gold prices appreciated by Rs 2,200 per 10 grams amid a firm US dollar.
According to the All India Sarafa Association, the white metal dropped Rs 7,500 to Rs 2,64,500 per kg (inclusive of all taxes) from Monday's closing of Rs 2,72,000 per kg.
On the other hand, gold of 99.9 per cent purity appreciated by Rs 2,200, or 1.4 per cent, to Rs 1,60,700 per 10 grams (inclusive of all taxes). It had settled at Rs 1,58,500 per 10 grams in the previous market session.
Traders said gold extended its gains for the second consecutive session amid sustained buying by the jewellers and investors.
"Gold traded with modest gains on Tuesday while traders were awaiting fresh macroeconomic cues," Saumil Gandhi, Senior Analyst, Commodities at HDFC Securities, told PTI.
He added that gold and silver prices fluctuate within a broader range as markets move into a consolidation phase in the near term.
(With agency inputs)
