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Silver reclaims Rs 37,000-mark with a spike of Rs 700 on global cues

Gold held steady at Rs 28,780 per 10 grams

Press Trust of India  |  New Delhi 

Silver reclaims Rs 37,000-mark with a spike of Rs 700 on global cues

stood out on Tuesday by reclaiming the Rs 37,000-mark with a jump of Rs 700 at Rs 37,200 per kg, powered by a firm trend overseas and increased local offtake.

The gains came after four straight days of fall.


Gold, however, held steady at Rs 28,780 per 10 grams in scattered deals.

Traders attributed the spike in prices to positive global cues and pick-up in demand from industrial units at the domestic spot market.

Globally, rose 0.45 per cent to $15.64 an ounce and 0.16 per cent to $1,214.10 in New York yesterday.

In the national capital, ready traded higher by Rs 700 to Rs 37,200 per kg and weekly-based delivery Rs 665 to Rs 36,250 per kg.

coins, however, plunged by Rs 1,000 to Rs 68,000 for buying and Rs 69,000 for selling of 100 pieces.

On the other hand, of 99.9 per cent and 99.5 per cent purity ruled flat at Rs 28,780 and Rs 28,630 per 10 grams, respectively. The precious metal had lost Rs 370 in the past two days.

Sovereign, too, held steady at Rs 24,300 per piece of eight grams.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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