Business Standard

Gold prices rise to Rs 33,000; demand takes a hit as traders move to silver

Price hike due to safe-haven buying; trend likely to continue


Representative image

Rajesh Bhayani Mumbai
The price of gold at the spot market here was trading above Rs 33,000 per 10 gram as those abroad went above $1,300 an ounce on safe-haven buying.

However, demand and import took a hit at the high price and the trend is likely to continue. On Wednesday’s close, the price had moderated marginally to Rs 32,985 per 10g.

The global gold price rose a little more than two per cent this week. In India, gold was trading around a discount of $10 per ounce or Rs 240 per 10g. That has turned since into quoting at a marginal premium

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 31 2019 | 12:05 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to