Gold prices witness sharpest gain in one month by Rs 1400

Gold prices saw the sharpest gain in the past month and rallied by Rs 1,400 to touch Rs 74,150 per 10 grams in the local market on Tuesday, amid strong global cues.

The precious metal had closed at Rs 72,750 per 10 grams in the previous session on Friday.

Silver price also



climbed by Rs 3,150 to Rs 87,150 per kilogram from Rs 84,000 per kg in the previous close.

Gold prices recorded a steady fall after the Union Finance Minister announced import duty cut on the metal in the annual budget for FY25. On July 23, the yellow metal had crashed Rs 3,350 to touch Rs 72,300 per 10 grams.