Gold, silver prices rise on bargain buying, dip in crude oil rates
Gold rebounds ₹1,200 to ₹1.55 lakh per 10 grams; Silver jumps ₹7,400 to ₹2.42 lakh per kilogram
Gold and silver prices experienced an upward trend on Wednesday, recovering from a three-day decline. The surge was driven by bargain hunting by traders and a drop in crude oil rates, which improved the sentiment towards precious metals. In the Indian market, gold prices rose by ₹1,200 to ₹1.55 lakh per 10 grams, while silver prices increased by ₹7,400 to ₹2.42 lakh per kilogram.
The analysts cited the Federal Reserve's policy decision as a factor that provided additional support to precious metals. Global markets also saw a rise in gold prices, with spot gold gaining 1.3 per cent to $4,348.10 per ounce, and silver increasing by 1.5 per cent to $64.61 an ounce.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
