Gold surges by Rs 429 to Rs 50577 per 10 grams
New Delhi Feb 28 PTI Gold prices rose by Rs 429 to Rs 50577 per 10 grams in the national capital on Monday due to inflation worries after Western countries ramped up sanctions on Russia for invading Ukraine according to HDFC Securities The yellow metal had closed at Rs 50148 per 10 grams in the previous trade Silver also zoomed by Rs 775 to Rs 65557 per kg on industrial demand from Rs 64812 per kg earlier Gold prices rose in line with gains in COMEX gold Gold prices traded higher on inflation worries after Western countries imposed sanctions on Russia including exclusion from SWIFT transaction system said Tapan Patel Senior Analyst Commodities HDFC Securities The US bond yields declined to 190 per cent boosting buying in gold The escalation in the Ukraine crisis may support gold prices for short term Gold prices may remain volatile reacting to the development on Russia-Ukraine talks on Monday Patel said PTI MR ABM ABM
New Delhi Feb 28 PTI Gold prices rose by Rs 429 to Rs 50577 per 10 grams in the national capital on Monday due to inflation worries after Western countries ramped up sanctions on Russia for invading Ukraine according to HDFC Securities The yellow metal had closed at Rs 50148 per 10 grams in the previous trade Silver also zoomed by Rs 775 to Rs 65557 per kg on industrial demand from Rs 64812 per kg earlier Gold prices rose in line with gains in COMEX gold Gold prices traded higher on inflation worries after Western countries imposed sanctions on Russia including exclusion from SWIFT transaction system said Tapan Patel Senior Analyst Commodities HDFC Securities The US bond yields declined to 190 per cent boosting buying in gold The escalation in the Ukraine crisis may support gold prices for short term Gold prices may remain volatile reacting to the development on Russia-Ukraine talks on Monday Patel said PTI MR ABM ABM
