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Gold prices rise for fifth consecutive session; silver remains unchanged

Business Standard LogoBusiness Standard2d ago

Gold prices rise for fifth consecutive session; silver remains unchanged - Business Standard

Quick Summary:

Gold prices rallied for a fifth straight session, rising Rs 110 to Rs 80,660 per 10 grams in the national capital on Monday, according to the All India Sarafa Association.

In the past five trading sessions, gold prices appreciated Rs 1,660, or 2.1 per cent, to Rs 80,660 per 10 grams.The price of gold of 99.5 per cent purity rose Rs 110 to Rs 80,260 per 10 grams against the previous close of Rs 80,150 per 10 grams on Friday.

The rise in crude prices came on the back of fresh sanctions imposed on Russia by US President Joe Biden, escalating geopolitical tensions," Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities, said.


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Category: BusinessFinance

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News Sentiment: Neutral

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Article Type: News Report

Published On: 2025-01-13 @ 17:44:11 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 620 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 35 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25105130

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Official Website: business-standard.com

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