NEW DELHI, Dec 21: Gold price rose by Rs 192 to Rs 55,261 per 10 grams in the national capital on Wednesday amid a rise in precious metal prices internationally, according to HDFC Securities.
In previous trade, the yellow metal ended at Rs 55,069 per 10 grams.
Silver also jumped from 433 to 69,962 dinars per kilogram.
“The price of gold rose slightly in the Asian trading hour.” Spot gold prices in Delhi markets were trading at Rs 55,261/10 grams, up 192/10 grams,” said Dilip Parmar, research analyst at HDFC Securities.
On the international market, gold traded higher at $1,815 an ounce, while silver rose to $23.94 an ounce.
“Gold prices traded steady after rising more than 1 percent in the previous session as the dollar weakened following the Bank of Japan’s sudden policy change,” said Navneet Damani, senior vice president of commodity research at Motilal Oswal Financial Services. (AGENCIES)
Markets reduce early profits; Sensek, Nifty drop 1 pc
Mumbai, December 21:
Equity benchmarks Sensek and Nifty gave up early gains to end 1 percent lower on Wednesday amid a largely subdued trend in Asian markets and a sell-off in index majors Reliance Industries, ICICI Bank and HDFC twins.
The benchmark 30-share BSE Sensex index fell 635.05 points or 1.03 percent to 61,067.24 points. During the day, it fell by 763.91 points or 1.23 percent to 60,938.38.
The broader NSE Nifty fell 186.20 points or 1.01 percent to end at 18,199.10.
Of the Sensek pack, IndusInd Bank, Bajaj Finserv, Maruti, UltraTech Cement, Tata Motors, Akis Bank, State Bank of India and Kotak Mahindra Bank were the major laggards.
Sun Pharma, HCL Technologies, Tata Consultancy Services, Tech Mahindra, Nestle, Wipro and Infosis finished in the green.
Elsewhere in Asia, stock markets in Seoul, Tokyo and Shanghai ended lower, while Hong Kong posted gains.
Stocks in Europe traded in positive territory in mid-session deals. US markets ended higher on Tuesday.
Benchmarks fell again on COVID fears in China and elsewhere, said S Ranganathan, head of research at LKP Securities.
The international reference price of Brent oil rose by 1.08 percent to 80.85 dollars per barrel.
Foreign institutional investors (FIIs) bought shares worth Rs 455.94 crore net on Tuesday, according to stock exchange data. (AGENCIES)