Gold glitters on positive global cues, jewellers’ buying


Team Udayavani, Sep 29, 2018, 5:10 PM IST

New Delhi: Breaking its three-day losing streak, gold bounced back by Rs 250 to Rs 31,550 per 10 gram at the bullion market Saturday in sync with a firm trend overseas amid fresh buying by local jewellers.

Silver followed suit and touched the Rs 39,000-mark by spurting Rs 1,100 to Rs 39,100 per kg backed by increased offtake by industrial units and coin makers.

Traders said sentiment bolstered largely in tandem with a firm trend overseas and pick-up in buying by local jewellers at domestic spot market.

Globally, gold rose by 0.83 per cent to USD 1,192.20 an ounce and silver by 2.85 per cent to USD 14.64 an ounce in New York in Friday’s trade.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity climbed Rs 250 each to Rs 31,550 and Rs 31,400 per 10 gram, respectively. 

The metal had lost Rs 425 in the previous three days.

Sovereign, however, remained flat at Rs 24,500 per piece of 8 gram.

In line with gold, silver ready jumped by Rs 1,100 to Rs 39,100 per kg and weekly-based delivery by Rs 715 to Rs 38,575 per kg.

Silver coins, too, flared up by Rs 1,000 to Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

“Coming soon.. 2025”: KL Rahul and Athiya Shetty announce first pregnancy

Unauthorized bus stops at signals fuel traffic woes and safety concerns

SC notice to Karnataka, DK Shivakumar on CBI plea against withdrawal of consent by state govt

Will remain active in politics till my last breath: JD(S) patriarch & ex-PM Deve Gowda

BJP calls Congress govt ‘laughing stock’ as ‘samosa politics’ heats up in Himachal

Chikkaballapur: Yoga teacher feigns death by holding her breath, escapes murder bid

World Bunts Summit to be held in Mumbai on December 7

Related Articles More

Sensex, Nifty fall for 2nd day on FII selling; RIL, ICICI Bank major drag

Sensex, Nifty fall over 1 pc, snap two-day rally ahead of US Fed interest rate decision

SC orders liquidation of grounded air carrier Jet Airways’ assets

Home-cooked meals become dearer in October on costlier vegetables

Sensex, Nifty surge over 1 pc on heavy buying in IT stocks as Trump set to win US polls

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

“Coming soon.. 2025”: KL Rahul and Athiya Shetty announce first pregnancy

Unauthorized bus stops at signals fuel traffic woes and safety concerns

No greater feeling than serving those in need: Outgoing CJI D Y Chandrachud

Baikampady: Here, even elederly have to crawl under trains to cross tracks!

CJI Chandrachud: A legacy of landmark verdicts that shaped society and some controversy too

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.