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Gold regained glitter today with the prices rising by Rs 145 to Rs 30,620 per 10 grams, due to a firm trend overseas and buying by jewellers at the domestic spot market. Silver also recovered by Rs 180 to Rs 39,680 per kg due to increased offtake by industrial units and coin makers.
Bullion traders attributed the recovery in gold prices to a firm trend overseas as the dollar's weakness boosted the demand for precious metals as a safe-haven for investors. In addition, increased buying by local jewellers ahead of wedding season, fuelled the uptrend.
Globally, gold rose 0.06 per cent to $1,317.10 an ounce and silver by 0.18 per cent to $16.97 an ounce in Singapore. In the national capital, gold of 99.9 per cent and 99.5 per cent purity rebounded by Rs 145 each to Rs 30,620 and Rs 30,470 per 10 grams, respectively. It had lost Rs 25 yesterday. Sovereign, however, held steady at Rs 24,700 per piece of eight grams.
Silver ready rose by Rs 180 to Rs 39,680 per kg and weekly-based delivery by Rs 155 to Rs 38,990 per kg. Silver coins also spurted by Rs 1,000 to end at Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.
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