Gold Prices Jump By Rs 330, Silver Regains Rs 42,000 Mark: 5 Things To Know

Gold prices rebounded to regain the Rs 32,000 per 10 grams mark in Delhi on Friday. Domestic gold prices were pushed higher by renewed weakness witnessed in the rupee against the US dollar despite some weakness in the international gold market, say analysts. The dollar hit its highest level against the US currency in over seven months during Friday's session. Back home, silver prices also regained strength to reclaim the Rs 42,000 per kg level.

Here are five things to know about gold and silver prices today:

1. In Delhi, gold of 99.9 per cent and 99.5 per cent purity spurted by Rs 330 each to Rs 32,190 and Rs 32,040 per 10 grams, respectively, news agency Press Trust of India reported. Gold prices had lost Rs 90 in the previous session.

2. Silver prices jumped by Rs 450 to Rs 42,400 per kg. Silver ready had on Thursday rebounded by Rs. 400 to Rs. 41,950 per kg.

3. In the international market, gold prices slipped from one-month high hit in the previous session. Investors booked profits and the dollar strengthened, while worries over US-China trade dispute capped losses.

4. Spot gold fell 0.3 per cent to $1,298.25 per ounce at 12:34 pm, after reaching its highest since May 15 at $1,309.30 an ounce on Thursday, news agency Reuters reported. US gold futures for August delivery were down 0.5 per cent at $1,301.50 per ounce.

5. The dollar index, which measures the greenback against a basket of six major currencies, rose 0.3 per cent to 95.079. It hit its highest in over seven months earlier in the session.