Gold up Rs 80; silver gains Rs 101

Gold prices rose by Rs 80 to Rs 38,789 per 10 gram in the national capital on Tuesday as stronger rupee limited the gains, according to HDFC Securities.

On Monday, gold had closed at Rs 38,709 per 10 gram.

"Spot gold for 24 Karat in Delhi was trading up by Rs 80, limiting the upside on stronger rupee and weak domestic demand. The spot rupee was trading 7 paise stronger against the dollar during the day," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

In early trade, the Indian rupee appreciated by 8 paise to 71.58 against the US dollar.

Silver prices also gained Rs 101 to Rs 45,826 per kg from Rs 45,725 per kg in the previous trade.