Gold rises by Rs 192 to Rs 50,214 as global prices rally
Gold prices rose by Rs 192 to Rs 50,214 per 10 gram in the national capital, reports said.
Continuing the upward trend, gold prices in India inched higher on Tuesday as global prices continue to rise.
Gold prices rose by Rs 192 to Rs 50,214 per 10 gram in the national capital, a PTI report said.
On MCX, August gold futures were up Rs 416 or 0.85% to 49,443 per 10 gram.
The gold prices have seen an upward trend after European Union leaders agreed on a stimulus package to revive the economy, while US Congress will discuss a new aid package this week.
"Gold prices traded higher on another stimulus hope from the US and European Union (EU)," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
In the international market, gold price rose to USD 1,822 per ounce, while silver traded at USD 20.36 per ounce.