Gold Prices Gain For Second Straight Day: 5 Things To Know
Globally, gold rose 0.51 per cent to $1,213.30 an ounce. Silver ready bounced back by Rs 250 to Rs 39,100 per kg. Sovereign, however, remained flat at Rs. 24,600 per piece of eight grams.
Rising for the second straight day, gold prices gained Rs 65 to reach Rs 30,550 per 10 grams at the bullion market on Saturday on sustained buying by local jewellers amid a firm trend overseas, reported news agency Press Trust of India. Silver followed suit and reclaimed the Rs 39,000-mark by jumping Rs 250 to Rs 39,100 per kg due to increased offtake by industrial units and coin makers, it further said. Marketmen said sentiment was bolstered after gold bounced in global markets, as a weak US jobs data pushed the dollar lower. Increased buying by local jewellers to meet the rising demand at the domestic spot market too fulled the uptrend, they said.
Here are five things to know about gold prices, silver rates today:
1. Globally, gold rose 0.51 per cent to $1,213.30 an ounce and silver gained 0.62 per cent to $15.38 an ounce in New York in yesterday's trade.
2. In Delhi, gold of 99.9 per cent and 99.5 per cent purity rose Rs 65 each to Rs 30,550 and Rs 30,400 per 10 grams, respectively. The precious metal had gained Rs 50 in yesterday's trade.
3. Sovereign, however, remained flat at Rs 24,600 per piece of eight grams.
4. In sync with gold, silver ready bounced back by Rs 250 to Rs 39,100 per kg and weekly-based delivery by Rs 280 to Rs 38,070 per kg.
5. Silver coins, however, continued to be traded at the previous level of Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.
(With PTI inputs)
