Gold, silver prices go up, analysts decode reasons

Prices of gold went on an upward trajectory on Tuesday, gaining ₹446 per 10 gram. According to HDFC Securities, gold reached ₹46,460 (per 10 gram) after the latest hike today. Recovery in global precious metal prices and rupee depreciation also played a role, the financial services firm added.

In the previous session, the precious metal had ended at ₹46,014 per 10 grams.

Silver also saw its price increasing by ₹888 per kilogram to reach ₹62,452. In the previous trading session, silver closed at ₹61,564 per kg.