Gold prices rose by `320 to `53,449 per 10 grams in the national capital on Wednesday in line with firm global trend and depreciation in the rupee, according to HDFC Securities. In the previous trade, the precious metal had closed at `53,129 per 10 grams. Silver, however, dropped `125 to `62,682 per kg.
The rupee depreciated 66 paise to 81.57 against the US dollar in early trade on Wednesday, tracking the strength of the American currency in the overseas market and a muted trend in domestic equities.
“Better domestic physical demand, a weaker rupee and higher international prices supported domestic gold prices,” said Dilip Parmar, Research Analyst at HDFC Securities.
