Gold rallies Rs 210 on weak rupee

Gold prices went higher by Rs 210 to Rs 39,075 per 10 gram in the national capital on Friday supported by a weaker rupee and strong international trends, according to HDFC Securities.

Silver, however, fell Rs 110 to Rs 46,490 per kilogram from Thursday's closing price of Rs 46,600 per kilogram.

"Spot gold prices for 24 Karat in Delhi rose by Rs 210 supported by weaker rupee and strong international prices. Spot rupee was trading around 10 paise weaker against the dollar after the Reserve Bank of India cut policy rate by 25 bps," said Tapan Patel, senior analyst (commodities), HDFC Securities.

Gold prices on Thursday closed at Rs 38,865 per 10 gram.