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Gold Prices Rise For Second Straight Day: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity advanced by Rs 45 each to Rs 32,270 and Rs 32,120 per 10 grams, respectively.

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Gold Prices Rise For Second Straight Day: 5 Things To Know

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

Rising for the second straight session, gold prices spurted by Rs 45 to Rs 32,270 per 10 grams at the bullion market Saturday on increased buying by local jewellers and positive cues from overseas markets, reported news agency Press Trust of India. Silver too climbed by Rs 100 to Rs 39,600 per kg due to pick up in demand from coin makers ahead of Diwali festival, it further said. Marketmen said apart from a firm trend overseas, persistent buying by local jewellers to meet festive season demand boosted gold prices at the domestic spot markets.   

Here are key things to know about gold, silver prices today: 

1. Globally, gold prices edged up on Friday and were on course for a third straight week of gains, supported by robust technical momentum and a softer dollar, reported news agency Reuters. Spot gold was up 0.1 per cent to $1,225.75 an ounce in the intraday trade. US gold futures settled down $1.4, or 0.11 per cent, at $1,228.7.

2. In Delhi, gold of 99.9 per cent and 99.5 per cent purity advanced by Rs 45 each to Rs 32,270 and Rs 32,120 per 10 grams, respectively. The yellow metal had gained Rs 195 on Thursday. Bullion market remained closed Friday on the occasion of 'Dussehra'.    

3. Sovereign, however, remained unaltered at Rs 24,700 per piece of eight grams.    

4. Silver ready traded higher by Rs 100 to Rs 39,600 per kg but weekly-based delivery eased by Rs 45 to Rs 38,795 per kg.    

5. Silver coins, however, held steady at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.

(With Agency Inputs)

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