NEW DELHI, Jan. 15 -- GOLD prices rallied Rs 256 to Rs 40,441 per 10 gram in the national capital on Wednesday, led by strong buying in global markets, according to HDFC Securities.

On Tuesday, the yellow metal had closed at Rs 40,185 per 10 gram.

"Spot gold for 24 Karat in Delhi rose by Rs 256 on strong buying in global gold prices amid US-China trade deal concerns," HDFC Sec Senior Analyst (Comm) Tapan Patel said.

In a statement on Tuesday, US officials said that the trade deal with China set to be signed on Wednesday does not include a deal to roll back tariffs imposed on most Chinese goods.

Silver also witnessed increase in buying with prices rising by Rs 228 to Rs 47,272 per kg from Rs 47,044 per kg.

Meanwhile, the rupee opened on...