Gold Prices Increase On Jewellers’ Buying

Image for representation
Image for representation

Gold prices on Thursday rose by Rs. 170 to Rs. 35,670 per 10 gram in the national capital, while silver zoomed Rs. 910 to Rs. 41,100 per kg on positive overseas trend and fresh buying by industrial units and coin makers, according to the All India Sarafa Association. Despite gold losing steam overseas, the precious metal saw upward trend due to rise in domestic demand, traders said. Globally, spot gold was trading lower at $1,422 an ounce in New York, while silver was up at $16.17 an ounce.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity gained Rs. 170 to Rs. 35,670 and Rs. 35,500 per 10 gram, respectively. Sovereign gold held steady at Rs. 27,400 per eight gram. On Wednesday, the precious metal declined by Rs. 70 to Rs. 35,500 per 10 gram, while silver was up by Rs. 660 to Rs. 40,190 per kg.

Silver ready on Thursday jumped Rs. 910 to Rs. 41,100 per kg, while weekly-based delivery surged Rs. 1,009 to Rs. 40,406 per kg.

Price of silver coins held flat at Rs. 81,000 for buying and Rs. 82,000 for selling of 100 pieces.


Please enter your comment!
Please enter your name here