<p>Gold rallied Rs 527 to Rs 48,589 per 10 grams in the national capital on Wednesday reflecting gains in global precious metal prices, according to HDFC Securities.</p>.<p>In the previous trade, the precious metal had closed at Rs 48,062 per 10 grams.</p>.<p>Silver also witnessed heavy demand as it gained Rs 1,043 to Rs 71,775 per kg, from Rs 70,732 per kg in the previous trade.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/sensex-jumps-over-100-pts-in-early-trade-nifty-above-15200-990147.html" target="_blank">Sensex jumps over 100 pts in early trade; Nifty above 15,200</a></strong></p>.<p>In the international market, gold was trading with gains at $1,908 per ounce and silver was flat at $ 28.07 per ounce.</p>.<p>HDFC Securities Senior Analyst (Commodities) Tapan Patel said, "The dollar index fell to the lowest level since January, while the US 10-year treasury yields dropped to 1.56 per cent, boosting buying in precious metals."</p>.<p>Motilal Oswal Financial Services Vice-President (Commodities Research) Navneet Damani said, "Gold prices continue to trade higher, as it breached the physiological level of $1,900 hovering around 4-1/2-month high amid a drop in US Treasury yields and a weaker dollar." </p>
<p>Gold rallied Rs 527 to Rs 48,589 per 10 grams in the national capital on Wednesday reflecting gains in global precious metal prices, according to HDFC Securities.</p>.<p>In the previous trade, the precious metal had closed at Rs 48,062 per 10 grams.</p>.<p>Silver also witnessed heavy demand as it gained Rs 1,043 to Rs 71,775 per kg, from Rs 70,732 per kg in the previous trade.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/sensex-jumps-over-100-pts-in-early-trade-nifty-above-15200-990147.html" target="_blank">Sensex jumps over 100 pts in early trade; Nifty above 15,200</a></strong></p>.<p>In the international market, gold was trading with gains at $1,908 per ounce and silver was flat at $ 28.07 per ounce.</p>.<p>HDFC Securities Senior Analyst (Commodities) Tapan Patel said, "The dollar index fell to the lowest level since January, while the US 10-year treasury yields dropped to 1.56 per cent, boosting buying in precious metals."</p>.<p>Motilal Oswal Financial Services Vice-President (Commodities Research) Navneet Damani said, "Gold prices continue to trade higher, as it breached the physiological level of $1,900 hovering around 4-1/2-month high amid a drop in US Treasury yields and a weaker dollar." </p>