Feedback | Saturday, April 13, 2024

20/01/18 | 3:46 pm

Gold breaks 2-day slide, gains Rs 20 on jewellers’ buying

Silver also climbed by Rs 50 to Rs 39,900 per kg on increased offtake by industrial units and coin makers.

Traders said besides a firm trend overseas, pick-up in buying by local jewellers to meet wedding season demand at the domestic spot market, mainly led to the rise in gold prices.

Globally, gold rose 0.32 percent to USD 1,330.60 announce and silver by 0.38 percent to USD 17.00 an ounce in New York in yesterday’s trade supported by a weaker dollar.

In the national capital, gold of 99.9 percent and 99.5 percent purity traded higher by Rs 20 each to Rs 30,850 and Rs 30,700 per 10 grams, respectively. The precious metal had lost Rs 270 over the last two days.

Sovereign, however, remained unchanged at Rs 24,800 per piece of eight grams.

In sync with gold, silver ready prices went higher by Rs 50 to Rs 39,900 per kg on the back of the pick-up in demand from consuming industries, while weekly-based delivery slipped Rs 120 to Rs 38,870 per kg.

Silver coins, however, continued to be traded at the previous level of Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.  

Copyright © 2024 DD News. All rights reserved
Visitors: 635689
Last Updated: 13th Apr 2024