Gold jumps Rs 450; silver climbs Rs 200 dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
Traders will also take more cues from the first reading of US GDP for the first quarter on Thursday and the Personal Consumption Expenditures (PCE) price index data
Gold and silver prices rebounded sharply on Monday after three sessions of decline. Gold rose by Rs 220 to Rs 72,820 per 10 grams, driven by strong overseas trends and Middle East tensions. Silver increased by Rs 1,050 to Rs 92,850 per kg. Spot gold at Comex traded at USD 2,344 per ounce, supported by a softer US dollar. Despite US and UK market closures, volatility remains high due to upcoming inflation data from Germany, the Eurozone, and the US. On the Multi Commodity Exchange, gold futures rose by Rs 462 to Rs 71,718, and silver futures increased by Rs 1,527 to Rs 92,075.
Stock market today: The Nifty 50 jumped 1.8 per cent to hit its fresh record high of 22,993.60, while the Sensex jumped 1.7 per cent to hit its fresh record high of 75,499.91 during the session. Nifty 50 closed 1.64 per cent higher at 22,967.65. Sensex closed 1.61 per cent higher at 75,418.04.