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

Gold recovers on buying by jewellers; silver remains higher

Press Trust of India  |  New Delhi 

Gold prices recovered by Rs 50 to Rs 26,550 per 10 grams at the bullion market today, snapping its three-day falling streak, on emergence of buying by jewellers and retailers at prevailing levels.

Silver also advanced by Rs 200 to Rs 36,200 per kg on pick up in demand from industrial units.

Bullion traders said revival of buying by jewellers and retailers at existing levels, helped gold to regain its glitter.

In the national capital, gold of 99.9 and 99.5 per cent purity went up by Rs 50 each to Rs 26,550 and Rs 26,400 per ten grams respectively. The precious metal had lost Rs 450 in the previous three sessions.

Sovereign, however, remained steady at Rs 23,300 per piece of eight gram in limited deals.

Silver ready continued its yesterday's gain and added another Rs 200 to Rs 36,200 per kg and weekly-based delivery gained Rs 180 to Rs 35,680 per kg.

On the other hand, silver coins held steady at Rs 54,000 for buying and Rs 55,000 for selling of 100 pieces.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, July 04 2015. 14:48 IST
RECOMMENDED FOR YOU