Gold prices earn Rs 538 to Rs 38,987 for 10 gm

NEW DELHI: Prices of 24 carats gold It raised Rs 538 to Rs 38,987 per 10 grams in the national capital on Tuesday, mainly due to the recovery of global rates, according to HDFC Securities.

Silver prices also witnessed similar trends. The silver rate increased by Rs 1,080 to Rs 47,960 per kilogram in the national capital, according to the data.

" Precios del gold On Tuesday, he was positive about the uncertainty of the trade negotiations after the new US and Chinese tariffs went into effect as of September 1, said Tapan Patel, senior analyst (raw materials), HDFC Securities.

On Monday, gold prices stood at Rs 38,449 per 10 gram, while silver was at at Rs 46,880 per kilogram.

In the international market, gold prices ruled at $1,530 an ounce in New York while silver was quoted at $18.50 an ounce.

"The international spot gold prices pared morning losses and recovered to $1,530 an ounce supported by a weaker rupee," he said.

The rupee fell 67 paise to 72.09 against the US currency in the first operations of Tuesday, following the weak opening of national shares amid strong demand in dollars from banks and importers.

The BSE sensex benchmark of 30 shares fell almost 770 points as investors worried about the deepening economic crisis and the global trade struggle.