Globally, spot gold was trading higher at $1,282.70 an ounce, while silver was up at $15.10 an ounce in New York.
Symbol: SILVER| Contract: Jul, 2019| Category: Bullion
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According to analysts, sentiment turned upbeat on the back of a pick-up in buying from local jewellers and retailers, thereby leading to a rise in gold prices.
On Tuesday, domestic stock markets rose to record highs led by a rally in shares of banking, auto and financial services companies.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity advanced by Rs 90 each to Rs 33,070 and Rs 32,900 per 10 gram, respectively.According to analysts, gold prices crossing $1,300 an ounce overseas influenced the sentiment in the domestic market thereby leading to upward movement of gold prices.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 395 each to Rs 32,700 and Rs 32,530 per 10 grams, respectively. On Thursday, gold prices had gained Rs 35 to Rs 33,095.
Globally, gold was trading at $1,310.78 an ounce and silver at $15.32 an ounce in New York.
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