Gold costs rose for the third consecutive day gaining Rs 347 to Rs 48,758 per 10 gram within the nationwide capital on Wednesday, according to rally in international treasured metallic costs, in response to HDFC Securities. Within the earlier commerce, the yellow metallic had closed at Rs 48,411 per 10 gram. Silver additionally witnessed shopping for because it gained Rs 606 to Rs 65,814 per kg from Rs 65,208 per kg within the earlier commerce.

Within the worldwide market, each gold and silver had been quoting with good points at USD 1,854 per ounce and USD 25.28 per ounce, respectively.

Navneet Damani, vice-president (commodities analysis) of Motilal Oswal Monetary Companies, stated, “Gold costs edged greater, reacting to US Treasury Secretary nominee Janet Yellen’s plans to battle the coronavirus-induced financial disaster with huge spending.”

(With PTI Inputs)

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