Gold prices gains Rs 138, still shy of Rs 50,000; Silver jumps by Rs 224

During intraday trade, spot gold was down 0.1% at $1,641.59 per ounce as of 5.30 pm, after dropping as much as 1 per cent earlier to its lowest since April 2020 at $1,626.41 in the Asia session

Gold prices in the national capital rose by Rs 138 to Rs 49,786 per 10 grams on Monday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 49,648 per 10 grams. Silver also jumped by  Rs 224 to Rs 56,514 per kilogram from Rs 56,290 per kg in the previous trade. In the international market gold prices were at their lowest level in 2-1/2 years on Monday, weighed down by a strong dollar and US Treasury yields amid the Federal Reserve’s hawkish stance on interest rate. 

During intraday trade, spot gold was down 0.1 per