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Gold rises to Rs 95, silver rises to Rs 154


New Delhi, May 24 (PTI) Gold prices rose by Rs 95 to Rs 48,015 per ten grams in the Delhi Bullion Market on Monday due to a sharp trend in precious metals in the global markets and a fall in the rupee.

Its closing price in the previous session was Rs 47,920 per ten grams.

Silver also rose by Rs 154 to Rs 70,998 per kg during this period, having closed at Rs 70,844 per kg in the previous trading session.

In the international market, gold remained high at $ 1,882 an ounce while silver remained almost unchanged at $ 27.67 an ounce.

HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Gold prices continued to rise for three consecutive weeks. Gold rose to a four-month high due to weakness in the dollar.

Navneet Damani, vice-president (commodity research), Motilal Oswal Financial Services, said, “The weak dollar and fall in yields in the US has raised investors’ expectations about precious metals, which has kept gold at a high level.”

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