<p>New Delhi: <a href="https://www.deccanherald.com/business/gold-rallies-rs-580-to-rs-9703010-gm-silver-climbs-rs-500-3547349">Gold prices rose</a> Rs 100 to Rs 98,750 per 10 grams in the national capital on Friday amid firm global cues, according to the All India Sarafa Association.</p>.<p>The precious metal of 99.5 per cent purity appreciated by Rs 100 to Rs 98,300 per 10 grams (inclusive of all taxes).</p>.<p>Firm trends in the international markets and persistent concerns about US fiscal policy continued to support longer-term demand for bullion prices, the association said.</p>.Parameshwara meets CM Siddaramaiah amid ED raids over gold smuggling case.<p>However, silver prices plunged by Rs 2,000 to Rs 99,200 per kg (inclusive of all taxes) on Friday. The white metal had closed at Rs 1,01,200 per kg on Thursday.</p>.<p>On the global front, spot gold increased by $35.46 or 1.08 per cent to $3,330.23 per ounce.</p>.<p>"Gold edged higher set for its biggest weekly gain since mid-April, as fiscal concerns in the US continue to provide a supportive backdrop," Kaynat Chainwala, AVP-Commodity Research at Kotak Securities, said.</p>.<p>According to HDFC Securities' Senior Analyst of Commodities Saumil Gandhi, market participants will be awaiting key US macroeconomic data, including building permits, new home sales, and a speech by Federal Reserve Governor Lisa D Cook, which are expected to impact gold prices. </p>
<p>New Delhi: <a href="https://www.deccanherald.com/business/gold-rallies-rs-580-to-rs-9703010-gm-silver-climbs-rs-500-3547349">Gold prices rose</a> Rs 100 to Rs 98,750 per 10 grams in the national capital on Friday amid firm global cues, according to the All India Sarafa Association.</p>.<p>The precious metal of 99.5 per cent purity appreciated by Rs 100 to Rs 98,300 per 10 grams (inclusive of all taxes).</p>.<p>Firm trends in the international markets and persistent concerns about US fiscal policy continued to support longer-term demand for bullion prices, the association said.</p>.Parameshwara meets CM Siddaramaiah amid ED raids over gold smuggling case.<p>However, silver prices plunged by Rs 2,000 to Rs 99,200 per kg (inclusive of all taxes) on Friday. The white metal had closed at Rs 1,01,200 per kg on Thursday.</p>.<p>On the global front, spot gold increased by $35.46 or 1.08 per cent to $3,330.23 per ounce.</p>.<p>"Gold edged higher set for its biggest weekly gain since mid-April, as fiscal concerns in the US continue to provide a supportive backdrop," Kaynat Chainwala, AVP-Commodity Research at Kotak Securities, said.</p>.<p>According to HDFC Securities' Senior Analyst of Commodities Saumil Gandhi, market participants will be awaiting key US macroeconomic data, including building permits, new home sales, and a speech by Federal Reserve Governor Lisa D Cook, which are expected to impact gold prices. </p>