New Delhi: Gold prices advanced by Rs 50 to
Rs 31,100 per 10 grams at the bullion market today on
sustained buying by local jewellers shrugging off weak global
cues.
However, silver met with resistance at prevailing levels
and slipped by Rs 230 to Rs 40,070 per kg.
Traders said continued buying by local jewellers, driven
by ongoing wedding season, mainly kept gold prices higher but
a weak trend overseas limited the gains.
Globally, gold fell 0.34 per cent to USD 1,333.50 an
ounce and silver by 0.35 per cent to USD 17.12 an ounce in
Singapore.
In the national capital, gold of 99.9 per cent and 99.5
per cent purity further added Rs 50 each to Rs 31,100 and Rs
30,950 per 10 grams, respectively. The precious metal had
gained Rs 575 in the previous five sessions.
Sovereign, however, held steady at Rs 24,800 per piece of
eight grams.
On the other hand, silver ready further went down by Rs
230 to Rs 40,070 per kg and weekly-based delivery by Rs 340
to Rs 39,325 per kg.
Silver coins also plunged by Rs 1,000 each to Rs 74,000
for buying and Rs 75,000 for selling of 100 pieces.
PTI
