Gold prices edged up 25 rupees to 51,027 rupees per 10 grams in the capital on Tuesday, in line with the firming trend in international precious metal prices and a weaker rupee, according to securities firms. In previous trades, the precious metal settled at Rs 51,002 per 10 grams.
However, silver fell by Rs 428 to Rs 61,557 per kg from Rs 61,985 per kg in the previous session.
Meanwhile, the rupee fell 4 paise to end at 77.59 (tentative) against the US dollar on Tuesday, weighed down by a negative trend in domestic equities and unabated foreign outflows.
In international markets, gold rose to $1,859 an ounce, while silver was flat at $21.89 an ounce.
“Gold prices are firm, with COMEX spot gold rising 0.38% to $1,859 an ounce on Tuesday,” said Tapan Patel, senior analyst (commodities) at HDFC Securities.
