Business news : Gold rose by Rs 110, silver fell by Rs 500

Amid the strengthening trend in global markets, the price of gold in Delhi bullion market on Tuesday rose by Rs 110 to Rs 66,250 per 10 grams. In the previous trading session, gold had closed at Rs 66,140 per 10 grams.

HDFC Securities Senior Analyst (Commodity) Saumil Gandhi said, “In Delhi markets, the spot price of 24 carat gold is trading up by Rs 110 at Rs 66,250 per 10 grams.”

In the international markets, the spot price of gold on Comex rose by three dollars to $ 2,159 an ounce.

Gold prices traded in a tight range ahead of the results of the US Federal Reserve’s monetary policy meeting on Wednesday. Gandhi said that the meeting may give an indication as to when the interest rates will be cut this year.

However, the price of silver fell to $ 24.91 an ounce. In the last trading session, silver had closed at $ 25.11 an ounce.