You are here: Home » Markets » Commodities » Precious Metals
Business Standard

Gold regains sheen on demand in jewellery market; silver still weak

In the national capital, gold of 99.9 per cent and 99.5 per cent purity bounced back by Rs 120 each to Rs 31,240 and Rs 31,090 per 10 grams, respectively

Press Trust of India  |  New Delhi 

gold, jewellery

gained Rs 120 at Rs 31,240 per 10 grams at the bullion market today, snapping a two-day losing streak on fresh buying by local jewellers to meet the ongoing wedding season demand. however remained under selling pressure and eased further by Rs 400 to Rs 40,050 per kg. said pick up in buying by local jewellers to meet wedding season demand at domestic spot market, mainly led to the recovery in prices but a weak trend overseas capped the gains. In Singapore, fell 0.34 per cent to USD 1,335.40 an ounce and by 0.35 per cent to USD 17.06 an ounce. In the national capital, of 99.9 per cent and 99.5 per cent purity bounced back by Rs 120 each to Rs 31,240 and Rs 31,090 per 10 grams, respectively.

It had lost Rs 330 in the previous two sessions. Sovereign, however, continued to be traded at the previous level of Rs 24,800 per piece of eight grams. On the other hand, ready dropped further by Rs 400 to Rs 40,050 per kg and weekly-based delivery by Rs 805 to Rs 39,075 per kg. coins, however, remained unaltered at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.

First Published: Tue, January 30 2018. 16:07 IST
RECOMMENDED FOR YOU