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
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
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.