Gold rises Rs 195; silver climbs Rs 200

New Delhi, Jul 12 (PTI) Gold prices edged up Rs 195 to Rs 59,700 per 10 grams in the national capital on Wednesday amid strong cues globally, according to HDFC Securities.

In the previous trade, the precious metal had ended at Rs 59,505 per 10 grams.

Silver also climbed Rs 200 to Rs 72,700 per kilogramme.

In the overseas market, gold was trading higher at USD 1,935 per ounce while silver was flat at USD 23.15 per ounce.

Gold prices traded higher on Wednesday, following weakness in the dollar against major currencies and a fall in US treasury yields which helped comex gold rise to its highest level in three weeks, Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.