New Delhi: Silver witnessed increased demand as it jumped nearly Rs 3,000 per kilogram in the last two trading sessions.
According to PTI, the price of Silver in the national capital zoomed Rs 2,021 per kilogram on Tuesday and Rs 936 on Monday.
Cumulatively, price of the metal was up by Rs 2,957 and it closed at Rs 73,122 per kilogram today.
Similarly, Gold rose by Rs 333 to Rs 47,833 per 10 gram in line with a rally in the global precious metal. On Monday, it gained Rs 348 per 10 gram.
In the international market, gold was trading in the green at USD 1,869 per ounce, while silver was trading flat at USD 28.48 per ounce.
"Gold prices were supported by weaker dollar," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.
Navneet Damani, VP – Commodities Research, Motilal Oswal Financial Services said: "Gold continued to inch higher breaching the USD 1,850 level, rising to their highest in more than three months as a weaker US dollar and growing inflationary pressure lifted bullion's appeal."
The rupee strengthened for the third straight session on Tuesday and closed 17 paise higher at 73.05 (provisional) against the US dollar tracking positive domestic equities and weakening of the American currency in the overseas market.
(With PTI Inputs)
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