New Delhi, May 25: Gold prices appreciated by Rs 300 to Rs 1.65 lakh per 10 grams in the national capital on Monday due to a weak US dollar and optimism over a possible peace agreement between the US and Iran.
According to local marketmen, the yellow metal of 99.9 per cent purity increased by Rs 300 to Rs 1,65,200 per 10 grams from Friday’s closing level of Rs 1,64,900 per 10 grams.
Silver prices, however, remained unchanged at Rs 2,71,000 per kilogram.
Analysts said gains in bullion prices were driven by easing geopolitical tensions, softer Treasury yields and a weaker dollar, although appreciation in the rupee capped further upside in domestic gold prices.
In the international markets, spot gold climbed USD 60.69 to USD 4,570.07 per ounce, while silver rallied more than 3 per cent to USD 78.18 per ounce. (PTI)
