New Delhi: Gold prices rose by 50 rupees to an 8-week high of Rs 40,120 per ten grams in the bullion market, as silver rose in the international from seven days. After strengthening, it has come down to Rs 47,550 per kg with a loss of Rs 380.
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According to information from London and New York, the gold spot fell by $ 1.60 to $ 1,508.90 an ounce in the midst of sluggish business before the new year. February gold futures were also quoted at $ 1,513.50 an ounce, with a weakness of $ 0.90. Market analysts have said that there has been a slight decline in gold due to sluggish business before New Year. In the international market, silver spot gained $ 0.06 to $ 17.80 an ounce.
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Gold in the local market was strong for the third consecutive day. Gold Standard rose by Rs 50 to reach Rs 40,120 per ten gram, the highest level since November 01. Sona Bitur also sold at Rs 39,950 per ten grams with the same strength. Sovereign held at Rs 30,400 per piece of eight grams. Silver declined against gold. After climbing for seven consecutive days, its price has reduced. Silver fell by Rs 380 to Rs 47,550 per kg.
