On Saturday gold prices snapped its three days losing streak and went up by Rs 175 to close at Rs 15,475 per ten gram in the bullion market in New Delhi. The surge was backed by aggressive buying by stockists and jewellers influenced by a firming global trend.
Buying activity in the precious metal gathered momentum after reports that the metal rebounded in international markets. Gold recorded a rise of 18.20 dollar to $963.70 an ounce. Standard gold and ornaments increased sharply by Rs 175 each to Rs 15,475 and Rs 15,325 per ten gram respectively and sovereign gained Rs 100 at Rs 12,400 per piece of eight gram. A similar firming trend was observed in silver as its prices in domestic market rose by Rs 100 at Rs 21,550 per kg and weekly-based delivery by Rs 155 to Rs 21,815 per kg. Silver coins also surged by Rs 300 to Rs 28,600 for buying and Rs 28,700 for selling of 100 pieces.
Buying activity in the precious metal gathered momentum after reports that the metal rebounded in international markets. Gold recorded a rise of 18.20 dollar to $963.70 an ounce. Standard gold and ornaments increased sharply by Rs 175 each to Rs 15,475 and Rs 15,325 per ten gram respectively and sovereign gained Rs 100 at Rs 12,400 per piece of eight gram. A similar firming trend was observed in silver as its prices in domestic market rose by Rs 100 at Rs 21,550 per kg and weekly-based delivery by Rs 155 to Rs 21,815 per kg. Silver coins also surged by Rs 300 to Rs 28,600 for buying and Rs 28,700 for selling of 100 pieces.
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