Gold soars Rs 1656 silver surges Rs 2350 amid Russia-Ukraine conflict
New Delhi Feb 24 PTI Gold prices in the national capital rallied by Rs 1656 to Rs 51627 per 10 grams on Thursday on the back of safe-haven buying and sharp depreciation of rupee amid the Russia-Ukraine conflict according to HDFC Securities The yellow metal had closed at Rs 49971 per 10 grams in the previous trade Silver prices also shot up by Rs 2350 to Rs 66267 per kilogram compared with the previous close of Rs 63917 per kilogram On Thursday the rupee plummeted 109 paise to close at 7570 against the dollar as Russia announced military operation in Ukraine HDFC Securities Senior Analyst Commodities Tapan Patel said spot prices for 24 carat gold at Delhi surged by Rs 1656 in line with gains in COMEX gold prices along with rupee depreciation He also said that gold prices rallied on safe-haven buying along with the dollar on geopolitical risk fearing severe sanctions on Russia and possible disruption of supplies of commodities Russian President Vladimir Putin on Thursday announced a military operation in Ukraine and warned other countries that any attempt to interfere with the Russian action would lead to consequences they have never seen In the international markets gold soared to USD 1942 an ounce while silver was also trading higher at USD 2507 per ounce Gold prices traded higher with spot gold prices at COMEX rallying 180 per cent to USD 1942 per ounce on Thursday Patel said PTI HRS RAM
New Delhi Feb 24 PTI Gold prices in the national capital rallied by Rs 1656 to Rs 51627 per 10 grams on Thursday on the back of safe-haven buying and sharp depreciation of rupee amid the Russia-Ukraine conflict according to HDFC Securities The yellow metal had closed at Rs 49971 per 10 grams in the previous trade Silver prices also shot up by Rs 2350 to Rs 66267 per kilogram compared with the previous close of Rs 63917 per kilogram On Thursday the rupee plummeted 109 paise to close at 7570 against the dollar as Russia announced military operation in Ukraine HDFC Securities Senior Analyst Commodities Tapan Patel said spot prices for 24 carat gold at Delhi surged by Rs 1656 in line with gains in COMEX gold prices along with rupee depreciation He also said that gold prices rallied on safe-haven buying along with the dollar on geopolitical risk fearing severe sanctions on Russia and possible disruption of supplies of commodities Russian President Vladimir Putin on Thursday announced a military operation in Ukraine and warned other countries that any attempt to interfere with the Russian action would lead to consequences they have never seen In the international markets gold soared to USD 1942 an ounce while silver was also trading higher at USD 2507 per ounce Gold prices traded higher with spot gold prices at COMEX rallying 180 per cent to USD 1942 per ounce on Thursday Patel said PTI HRS RAM
