The precious metal had closed at Rs 49,801 per 10 gram in the previous trade and jumped Rs 496 to Rs 50,297 on Monday in line with a rally in international precious metal prices and rupee depreciation.

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Gold prices saw a mixed week in the national capital as they jumped (price of gold today)  Rs 496 to Rs 50,297 per 10 gram on Monday and gained Rs 385 to Rs 49,624 on Thursday tracking global markets. (price of gold today)

The precious metal had closed at Rs 49,801 per 10 gram in the previous trade and jumped Rs 496 to Rs 50,297 on Monday in line with a rally in international precious metal prices and rupee depreciation, according to HDFC Securities. Silver also gained Rs 2,249 to Rs 69,477 per kg from Rs 67,228 per kg in the previous trade.

Gold was quoting with gains at $1,898 per ounce and silver was also trading in the green at $26.63 per ounce in the international market even as the rupee declined 17 paise to 73.73 against a US dollar in the opening trade on Monday. (price of gold today)

Tapan Patel, senior analyst (commodities) at HDFC Securities, said according to news agency PTI that gold prices traded higher on worries over rising coronavirus cases, which weigh down vaccine rollout sentiments. The United Kingdom imposed strict lockdown measures, while restrictions in Europe and other parts of the world may flag economic recovery concerns, he added.

On Tuesday, gold prices fell Rs 243 to Rs 49,653 per 10 gram in the national  (price of gold today)  capital reflecting the weakness in the global price of the precious metal, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 49,896 per 10 gram. Silver prices also declined Rs 216 to Rs 67,177 per kilogram from Rs 67,393 per kilogram in the previous trade. (price of gold today) 

In the international market, gold and silver were trading lower at $1,868 per ounce and $25.70 per ounce, respectively. “Gold prices declined on stronger dollar index,” Patel was quoted as saying by PTI. (price of gold today) “Gold saw some selling pressure after trading higher in the early morning session, as support from the US Congress passing a long-awaited near $900 billion coronavirus aid was countered by a stronger dollar, while some profit booking also weighed on sentiment,” Navneet Damani, vice president of commodities research at Motilal Oswal Financial Services, said according to PTI.