Silver also zoomed Rs 990 to Rs 69,208 per kg.
“Spot gold prices in the Delhi markets traded at Rs 57,025 per 10 grams, up Rs 433 per 10 grams,” said an analyst at
In the overseas markets, both gold and silver were trading in green at USD 1,932 per ounce and USD 24.02 per ounce, respectively.
Comex gold prices traded up in Asian hours on Friday supported by safe-haven demand as weak US economic readings and hawkish comments from Federal Reserve members fueled recession worries, the analyst said.
“Market participants are anticipating a 25 bps rate hike in the February meeting, lower than the previous meetings, this is weighing on the US yields as well as supporting bullion,” said Navneet Damani, Senior VP – Commodity Research at .