New Delhi: On the international level, gold rose by Rs 100 to Rs 38,670 per 10 grams and silver by Rs 200 to Rs 47,300 per kg on Saturday in the bullion market due to the rise in both precious metals on the weekend. According to information received from London and New York, gold spot on Friday on Friday rose by $ 19.80 to $ 1,517.10 an ounce.
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December gold futures have also been strengthened by $ 18.20 to $ 1,524.40 an ounce. The effect of this also appeared on the local market today. Market analysts have pointed out that in the wake of tensions between Iran and the US in West Asia, investors have turned to gold considered a safe investment. The silver spot in the international market has also risen by $ 0.80 to $ 17.96 an ounce.
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Gold in the local market also rose for the second consecutive day. The gold standard was seen trading at Rs 38,670 per ten gram, with a strength of Rs 100. At the same time, Sona Bithoor also sold with the same strength at Rs 38,500 per ten grams. Sovereign, however, held steady at Rs 30,000 for eight grams.
