New Delhi, February 24 Gold prices rose by Rs 400 to Rs 1,63,200 per 10 grams in the national capital on Tuesday, according to local market traders, due to sustained buying by dealers and a weaker rupee.
The precious metal, with 99.9% purity, closed at Rs 1,62,800 per 10 grams on Monday.
However, silver prices remained unchanged at Rs 2,72,000 per kilogram (including all taxes).
Traders said increased demand from local jewelers and dealers supported gold prices in the domestic market, even as international precious metal prices declined.
In the international markets, spot gold was trading 1.35% lower at USD 5,157.16 per ounce, while silver traded flat at USD 88.19 per ounce.
Analysts said the weakening rupee made gold more expensive for holders of other currencies, offsetting the impact of declining global prices.
