Gold prices rise amid strong global cues

NEW DELHI, Aug 25 (Hindustan Times): Gold prices on Thursday rose by Rs 402 to Rs 52,297 per 10 grams amid strong global cues, according to HDFC Securities.
The yellow metal had closed at Rs 51,895 per 10 grams in the previous trade.
Silver also rallied Rs 711 to Rs 56,191 per kg from Rs 55,480 per kg in the previous trade.
In the international market, gold was trading higher at USD 1,763 per ounce while silver was flat at USD 19.35 per ounce.
"Gold prices recovered with dollar decline and weak US economic data," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.
Gold prices were trading higher in India, as the yellow metal gained in global markets. On Multi Commodity Exchange, gold October futures were up Rs 181 or 0.4 per cent to Rs 51,620 per 10 gram, as against the previous close of Rs 51,439. Silver December futures were ruling Rs 442 or 0.8 per cent up, at Rs 56,450 per kg.