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Gold rates up on local demand, global gains


Gold rates up on local demand, global gains

Published on by , gold-rate.co.in.

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Gold rates advance by INR 30.00 to INR 30,650.00 per 10 grams following a firm trend overseas along with increased buying by local jewellers.

In New Delhi, gold of 99.9% and 99.5% purity edged up by another INR 30.00 each to INR 30,650.00 and INR 30,500.00 per 10 grams, respectively.

Gold rates advanced by INR 30.00 to INR 30,650.00 per 10 grams at the bullion market on Friday following a firm trend overseas along with increased buying by local jewellers. Silver rates also gained INR 120.00 to INR 39,800.00 per kilogram due to pick up in demand from industrial units and coin makers.

Traders said sentiment remained firm on the back of positive global cues as the weakness in dollar boosted demand for the precious metals as a safe haven. Globally, gold rate rose 0.54% to USD 1,329.10 an ounce and silver by 0.77% to USD 17.09 an ounce in United States.

In the national capital, gold of 99.9% and 99.5% purity edged up by another INR 30.00 each to INR 30,650.00 and INR 30,500.00 per 10 grams, respectively. The precious metal had gained INR 145.00 on Thursday. Sovereign, however, remained unaltered at INR 24,700.00 per piece of 8 grams in limited deals.

Silver ready rose further by INR 120.00 to INR 39,800.00 per kg and weekly-based delivery by INR 90.00 to INR 39,080.00 per kg. Silver coins, however, held steady at INR 73,000.00 for buying and INR 74,000.00 for selling of 100 pieces.

Last modified on 2018-01-24 18:33:31.

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