New Delhi, Aug 13: Gold in the national capital on Friday jumped Rs 222 to Rs 45,586 per 10 gram amid a recovery in international precious metal prices and rupee depreciation, according to HDFC Securities.
In the previous trade, the precious metal had closed at Rs 45,364 per 10 grams.
Silver also gained Rs 100 to Rs 61,045 per kilogram from Rs 60,945 per kilogram in the previous trade.
The Indian rupee declined 3 paise to 74.28 against the US dollar in opening trade on Friday.
In the international market, gold was trading with gains at USD 1,757 per ounce and silver was flat at USD 23.30 per ounce.
“Gold prices are fluctuating with minor recovery,” according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel. (agencies)
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BIZ-STOCKS-CLOSE
Market at new peak: Sensex scales 55k, Nifty ends above 16,500
Mumbai, Aug 13:
Equity benchmark Sensex rallied 593 points to end above the 55,000-mark for the first time on Friday, propelled by gains in index heavyweights TCS, Reliance Industries and HDFC twins.
The 30-share index rose 593.31 points or 1.08 per cent to its new all-time high of 55,437.29. It touched an intra-day record of 55,487.79.
Similarly, the broader NSE Nifty breached the 16,500 level, advancing 164.70 points or 1.01 per cent to its fresh closing peak of 16,529.10. It surged to a record of 16,543.60 during the day.
TCS was the top gainer in the Sensex pack, rising over 3 per cent, followed by L&T, Bharti AIrtel, HCL Tech, Tata Steel, Bajaj Auto and Reliance Industries.
On the other hand, PowerGrid, IndusInd Bank, Dr Reddy’s, Bajaj Finance and NTPC were among the laggards.
“Sustained rebound in IT followed by recovery in financials and consumers aided benchmark indices to defy weak cues from Asian markets and scale fresh records,” said Binod Modi, Head Strategy at Reliance Securities.
IT stocks remained in focus throughout the week and investors lapped-up quality IT names due to sustained double-digit revenue growth visibility backed by strong deal wins, he added.
Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended in the red.
Equities in Europe were trading on a positive note in mid-session deals.
Meanwhile, international oil benchmark Brent crude fell 0.10 per cent to USD 71.24 per barrel. (agencies)
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