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Gold climbs on global cues, silver soften

Press Trust of India  |  Mumbai 

Gold prices advanced further by Rs 95 per 10 grams at the bullion market here today, amid a firm overseas trend and buying by jewellery retailers.

Elsewhere, silver almost ended flat owing to lower demand from consuming industries.

Standard gold (99.5 purity) advanced by Rs 95 to end at Rs 29,480 per 10 grams from Wednesday's level of Rs 29,385.

Pure gold (99.9 purity) also rose by a similar margin to conclude at Rs 29,630 per 10 grams from Rs 29,535.

Silver (.999 fineness) fell by Rs 5 per kg to finish at Rs 39,575 compared to Rs 39,580 previously.

Globally, Gold prices rose, extending gains on the back of a softer dollar.

Spot gold was up 0.3 per cent at USD 1,285 per ounce at early trade, yesterday it touched a three-week high of USD 1,287.13 an ounce.

Meanwhile, silver rose 0.3 per cent at USD 17.06 an ounce.

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

First Published: Thu, November 09 2017. 18:22 IST