Gold Price Today, August 3: Gold prices rose by Rs 185 to Rs 54,678 per 10 gram in the national capital on Monday amid rupee depreciation, according to HDFC Securities. Also Read - Gold Prices Today, 14th September 2020: Yellow Metal Rates Drops Slightly to Rs 52,465 Per 10 gm, Silver Climbs by Rs 222

In the previous trade, the yellow metal had closed at Rs 54,493 per 10 gram. Also Read - Gold Prices Today 04 September 2020: Yellow Metal Plunges to Rs 54,110 Per 10 Gram | Check Out 22-Carat Gold Prices in Major Cities Here

Silver also jumped Rs 1,672 to Rs 66,742 per kg from Rs 65,070 per kg in the previous trade. Also Read - Gold Price Today August 17:  Price of Yellow Metal in Delhi Rises by Rs 340,  Silver Jumps Rs 1306

“Spot gold price for 24 carat in Delhi was trading up by Rs 185 with rupee depreciation,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

The rupee plunged 20 paise and settled below the 75 per US dollar level on Monday, tracking negative domestic equities and strengthening American currency.

In the international market, gold was trading lower at USD 1,973 per ounce, while silver was flat at USD 24.30 per ounce.