Gold prices recovered by Rs 350 to Rs 29,350 per 10 grams at the bullion market today on increased buying by local jewellers even as the metal weakened overseas.
Silver also edged higher by Rs 125 to Rs 41,375 per kg on uptick in demand from industrial units and coin makers.
Traders attributed the recovery in gold prices to increased buying by local jewellers at the domestic spot market but a weak trend overseas capped the rise.
Globally, gold fell 0.22 per cent to Rs 1,241.90 an ounce in Singapore.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity rebounded by Rs 350 each to Rs 29,350 and Rs 29,200 per 10 grams, respectively. The metal had lost Rs 350 yesterday.
Sovereign also traded higher by Rs 100 to Rs 24,400 per piece of eight gram.
Following gold, silver ready moved up by Rs 125 to Rs 41,375 per kg and weekly-based delivery by Rs 60 to Rs 41,260 per kg.
Silver coins, however, remained unaltered at Rs 71,000 for buying and Rs 72,000 for selling of 100 pieces.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.