Gold rises by Rs 185, silver jumps Rs 1,672

Gold prices rose by Rs 185 to Rs 54,678 per 10 gram in the national capital on Monday amid rupee depreciation, according to HDFC Securities.

In the previous trade, the yellow metal had closed at Rs 54,493 per 10 gram.

Silver also jumped Rs 1,672 to Rs 66,742 per kg from Rs 65,070 per kg in the previous trade.

READ: India's 2020 gold demand may hit 26-year low as prices rally: World Gold Council

"Spot gold price for 24 carat in Delhi was trading up by Rs 185 with rupee depreciation," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

The rupee plunged 20 paise and settled below the 75 per US dollar level on Monday, tracking negative domestic equities and strengthening American currency.

In the international market, gold was trading lower at $1,973 per ounce, while silver was flat at $24.30 per ounce.