Gold & Silver

Gold, silver prices rise on increased offtake

PTI New Delhi | Updated on June 19, 2019 Published on June 19, 2019

Sovereign gold, however, held steady at Rs 26,800 per eight gram. File Photo   -  The Hindu

Gold prices rose marginally by ₹ 20 to ₹ 33,740 per 10 gm at the bullion market in the national capital on Wednesday, while silver surged by ₹ 130 to ₹ 38,350 per kg, according to the All India Sarafa Association.

Traders said increased offtake by industrial units and coin makers mainly pushed up silver prices.

Globally, spot gold was trading lower at USD 1,343 an ounce, while silver was down at USD 15.01 an ounce in New York. In the national capital, gold of 99.9 per cent and 99.5 per cent purity advanced by ₹ 20 each to ₹ 33,740 and ₹ 33,570 per 10 gram, respectively.

Sovereign gold, however, held steady at ₹ 26,800 per eight gram. On Tuesday, gold rose by ₹ 100 to Rs 33,720 per 10 gram.

Meanwhile, silver ready rose by ₹ 130 to ₹ 38,350 per kg, while weekly-based delivery gained ₹ 46 to ₹ 37,302 per kg. Price of silver coins held flat at ₹ 80,000 for buying and ₹ 81,000 for selling of 100 pieces.

Published on June 19, 2019
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