Gold, silver prices rise; yellow metal trading at Rs 51,980 per 10 gm

A kg of silver is trading at Rs 60,300 on Tuesday

Gold prices went up on Tuesday, with 10 gram of the precious metal (24-carat) trading at Rs 51,980, and 10 gram of 22-carat gold trading at Rs 47,650. Silver prices too inched higher on Tuesday, with the metal trading at Rs 60,300 per kg.

Meanwhile, in the US, Gold prices were steady on Tuesday, as traders refused to commit in either direction in the absence of market-moving catalysts.

Spot gold held its ground at $1,824.51 per ounce while Spot silver fell 0.4% to $21.06 per ounce, as of 0246 GMT. U.S. gold futures were flat at $1,824.50.

In Delhi, Kolkata and Bangalore, 10 gram of 24-carat gold is trading at Rs 51,980 according to the goodreturns website. Meanwhile, 10 gram of 22-carat gold is selling at Rs 47,650 in Delhi, Kolkota, and Bangalore.

Prices of 10 gram of both 24-carat and 22-carat gold in Chennai is trading slightly higher at Rs 52,030 and Rs 47,700, respectively on Tuesday.

A kg of silver is trading at Rs 60,300 in cities including Delhi, Mumbai and Kolkota, whereas, 1kg of silver is selling at Rs 66,000 in Chennai.

(With inputs from Reuters)