Comments
Gold rose Rs 50 to Rs 31,550 per ten gram at the bullion market today due to persistent buying by local jewellers despite a weak trend overseas. Silver too went up by Rs 150 to Rs 39,400 per kg on increased offtake by industrial units and coin makers.
Traders said increased buying by local jewellers at the domestic spot market to meet retailers’ demand kept gold prices higher, but a weak trend overseas capped the rise. Globally, gold fell 0.09 per cent to $1,334.50 an ounce and silver by 0.12 per cent to $16.45 an ounce in Singapore.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity gained Rs 50 each to Rs 31,550 and Rs 31,400 per 10 gram, respectively. The precious metal had gained Rs 150 in the previous two sessions. Sovereign however remained flat at Rs 24,800 per piece of eight gram in limited deals.
Silver ready also hardened by Rs 150 to Rs 39,400 per kg and weekly-based delivery by Rs 120 to Rs 38,445 per kg. Silver coins however continued to be traded at previous level of Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
Comments
COMMENT NOW
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.