You are here: Home » Markets » Commodities » commodity gold
Business Standard

Gold up Rs 80 on jewellers' buying, silver touches Rs 41k mark

Gold goes up Rs 80 to Rs 30,780 per ten gram at the bullion market on Tuesday, Silver also recaptured the Rs 41,000-mark by surging Rs 520 to Rs 41,270 per kg

Press Trust of India  |  New Delhi 

Gold

rallied by Rs 80 to Rs 30,780 per ten gram at the bullion market on Tuesday on fresh buying by local jewellers to meet festive season demand even as the metal weakened overseas.

Silver also recaptured the Rs 41,000-mark by surging Rs 520 to Rs 41,270 per kg on increased offtake by industrial units and coin makers.


Traders said fresh buying by local jewellers to meet festive season demand at domestic spot market mainly led to the recovery in prices but a weak trend overseas capped the rise.

Globally, fell 0.35 per cent to $1,305.70 an ounce and silver by 0.41 per cent to $17.09 an ounce in Singapore.

The depreciating rupee against the dollar, making the imports costlier, too influenced prices, they said.

In the national capital, of 99.9 per cent and 99.5 per cent purity went up by Rs 80 each to Rs 30,780 and Rs 30,630 per ten gram, respectively. The precious metal had lost Rs 150 in the previous two sessions.

Sovereign, however, remained flat at Rs 24,700 per piece of eight gram.

On the other hand, silver ready advanced by Rs 520 to Rs 41,270 per kg and weekly-based delivery spurted by Rs 860 to Rs 40,510 per kg.

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

First Published: Tue, September 26 2017. 16:02 IST
RECOMMENDED FOR YOU