In the previous trade, the precious metal had closed at ₹62,750 per 10 grams.
| Photo Credit: C.V. Subrahmanyam

Gold price rallied ₹750 to ₹63,500 per 10 grams in the national capital on Wednesday amid strong global trends, according to HDFC Securities.

In the previous trade, the precious metal had closed at ₹62,750 per 10 grams.

Silver also zoomed ₹800 to ₹79,000 per kilogram.

“Gold prices surged on Wednesday, trading at an all-time high of ₹63,500 per 10 gram, up ₹750 following a bullish trend in overseas markets,” Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.

In the overseas markets, gold and silver were trading higher at $2,041 per ounce and $24.95 per ounce, respectively.

Spot gold at Comex was trading at $2,041 per ounce, up $27 from the previous close.

Weaker dollar and statements from a Federal Reserve official reinforced bets that the central bank will begin lowering interest rates next year, which boosted traders’ sentiment and pushed Comex gold to its highest level since May, Mr. Gandhi said.