Commodity Market  Updates- Gold Versus Silver: On Wednesday, gold prices in the local market rose by Rs. 247 to Rs. 48,403 per 10 gram, owing to advances in the metal on international markets. Silver price rose Rs. 825 to Rs. 62,417 per kg, up from Rs. 61,592 in the previous trading.

Gold had previously finished at Rs. 48,156 per 10 grammes in the previous trade. Gold was up USD 1,827 per ounce on the international market, while silver was steady at USD 23.17 per ounce.

Gold prices were modestly higher on Wednesday, with spot prices at the Commodity Exchange (COMEX)  trading at USD 1,827 per ounce, according to market analysts, who added that gold prices have kept its upper trading range, owing to a weaker dollar and lower US bond yields. It is also noted by the analysts that "Gold prices continued to rise as inflationary pressures, and uncertainties in Russia and Ukraine, bolstered the safe-haven appeal."

Meanwhile, in stock market front, the BSE Sensex ended the day at 58,465.97, up 657.39 points or 1.14 percent, while the  the NSE Nifty finished at 17,463.80, up 197.05 points or 1.14 percent.

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