You are here: Home » PTI Stories » National » News
Business Standard

Global cues lift gold prices; silver turns weak

Press Trust of India  |  New Delhi 

Gold prices advanced further by Rs 55 to Rs 30,380 per 10 grams today, supported by positive global cues amid wedding season buying by jewellers in the domestic spot market.

However, silver declined by Rs 50 to Rs 42,550 per kg on reduced off-take by industrial units and coin makers.



Traders said that apart from a firming global trend, increased buying by jewellers at the domestic spot market to meet wedding season demand mainly kept gold prices higher.

Globally, gold rose 0.01 per cent to USD 1,262.30 an ounce in Singapore.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity added another Rs 55 each to Rs 30,380 and Rs 30,230 per 10 grams, respectively. The precious metal had gained Rs 75 yesterday.

Sovereign, however, remained unchanged at Rs 24,300 per piece of eight grams.

On the other hand, silver ready drifted lower by Rs 50 to Rs 42,550 per kg and weekly-based delivery traded lower by Rs 140 to Rs 42,160 per kg.

Silver coins remained flat at Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Global cues lift gold prices; silver turns weak

Gold prices advanced further by Rs 55 to Rs 30,380 per 10 grams today, supported by positive global cues amid wedding season buying by jewellers in the domestic spot market. However, silver declined by Rs 50 to Rs 42,550 per kg on reduced off-take by industrial units and coin makers. Traders said that apart from a firming global trend, increased buying by jewellers at the domestic spot market to meet wedding season demand mainly kept gold prices higher. Globally, gold rose 0.01 per cent to USD 1,262.30 an ounce in Singapore. In the national capital, gold of 99.9 per cent and 99.5 per cent purity added another Rs 55 each to Rs 30,380 and Rs 30,230 per 10 grams, respectively. The precious metal had gained Rs 75 yesterday. Sovereign, however, remained unchanged at Rs 24,300 per piece of eight grams. On the other hand, silver ready drifted lower by Rs 50 to Rs 42,550 per kg and weekly-based delivery traded lower by Rs 140 to Rs 42,160 per kg. Silver coins remained flat at Rs 73,000 ... Gold prices advanced further by Rs 55 to Rs 30,380 per 10 grams today, supported by positive global cues amid wedding season buying by jewellers in the domestic spot market.

However, silver declined by Rs 50 to Rs 42,550 per kg on reduced off-take by industrial units and coin makers.

Traders said that apart from a firming global trend, increased buying by jewellers at the domestic spot market to meet wedding season demand mainly kept gold prices higher.

Globally, gold rose 0.01 per cent to USD 1,262.30 an ounce in Singapore.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity added another Rs 55 each to Rs 30,380 and Rs 30,230 per 10 grams, respectively. The precious metal had gained Rs 75 yesterday.

Sovereign, however, remained unchanged at Rs 24,300 per piece of eight grams.

On the other hand, silver ready drifted lower by Rs 50 to Rs 42,550 per kg and weekly-based delivery traded lower by Rs 140 to Rs 42,160 per kg.

Silver coins remained flat at Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Global cues lift gold prices; silver turns weak

Gold prices advanced further by Rs 55 to Rs 30,380 per 10 grams today, supported by positive global cues amid wedding season buying by jewellers in the domestic spot market.

However, silver declined by Rs 50 to Rs 42,550 per kg on reduced off-take by industrial units and coin makers.

Traders said that apart from a firming global trend, increased buying by jewellers at the domestic spot market to meet wedding season demand mainly kept gold prices higher.

Globally, gold rose 0.01 per cent to USD 1,262.30 an ounce in Singapore.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity added another Rs 55 each to Rs 30,380 and Rs 30,230 per 10 grams, respectively. The precious metal had gained Rs 75 yesterday.

Sovereign, however, remained unchanged at Rs 24,300 per piece of eight grams.

On the other hand, silver ready drifted lower by Rs 50 to Rs 42,550 per kg and weekly-based delivery traded lower by Rs 140 to Rs 42,160 per kg.

Silver coins remained flat at Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard