Gold becomes expensive after a two-day fall

Jun 23 2018 04:13 PM
Gold becomes expensive after a two-day fall

On Friday, a slight increase in gold prices in the Delhi's Sarafa Bazar has been recorded. Due to positive global cues and improvement of buying from local jewellers and gold, the gold has gone up by Rs 15 to Rs 31585 per 10 grams. On the other hand, silver prices declined due to weak rise from industrial units and coin makers. Silver has come down to Rs 40750 per kg with a weakness of Rs 250.

Merchants believe that gold prices have improved due to a positive global signal where gold prices have gained momentum. Globally, gold in Singapore has gained 0.09 per cent to $ 1268 per ounce. At the same time, gold prices got support due to increased buying by local jewellers and retailers in the domestic spot market. 

In the national capital Delhi, 99.9% and 99.5% purity of gold has gone up by Rs 15 to Rs 31585 and Rs 31,435 per 10 gram respectively. For information, let us know that in the last two sessions, gold prices have gone down by 330 rupees. Guinea prices, however, remained steady at Rs 24,800 per eight gram level. On the other hand, silver ready was reduced by Rs 250 to Rs 40,750 per kg while weekly-based delivery moved up by Rs 105 to Rs 39595 per kg. Silver coins are priced at Rs 76,000 and Rs 77,000 per acre on the Sense of Sensex.

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