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Gold up on local demand, global gains

Press Trust of India  |  New Delhi 

prices advanced by Rs 30 to Rs 30,650 per 10 grams at the market following firm a trend overseas along with increased buying by local jewellers.

Silver followed suit and gained Rs 120 to Rs 39,800 per kg due to pick up in demand from industrial units and coin makers.

Traders said sentiment remained firm on the back positive global cues as the weakness in dollar boosted demand for the as a safe haven.

Globally, rose 0.54 per cent to USD 1,329.10 an ounce and silver by 0.77 per cent to USD 17.09 an ounce in

In the national capital, of 99.9 per cent and 99.5 per cent purity edged up by another Rs 30 each to Rs 30,650 and Rs 30,500 per ten grams respectively. The had gained Rs 145 yesterday.

Sovereign, however, remained unaltered at Rs 24,700 per piece of eight grams in limited deals.

Silver ready rose further by Rs 120 to Rs 39,800 per kg and weekly-based delivery by Rs 90 to Rs 39,080 per kg.

Silver coins, however, held steady 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.)

First Published: Fri, January 12 2018. 14:41 IST