Commodities
Gold Prices Rebound in Delhi Amid Firm Global Trend
Gold prices in Delhi rebounded by Rs 700 to Rs 1.49 lakh per 10 grams on Wednesday, ending a two-session decline.
The rise was attributed to value buying at lower levels and a firm global trend, according to Gaurav Garg, Head of Research at brokerage platform Lemonn.
Global spot gold traded modestly higher at USD 4,190 per ounce, while silver fell 1.28% to USD 60.68 per ounce, reflecting a tug-of-war between supportive factors and persistent headwinds.
The easing of crude oil prices also had an impact on inflation concerns, which may have contributed to the increase in gold prices.