New Delhi: Gold rallied by Rs 30 to Rs 30,480
per 10 gram at the bullion market today on mild buying by
local jewellers, shrugging off a weak trend overseas.
However, silver fell by Rs 120 to Rs 39,880 per kg due to
reduced offtake by industrial units and coin makers amid weak
global cues.
Traders attributed the rise in gold prices to some buying
by local jewellers at domestic spot markets, but a weak trend
overseas capped the rise.
Globally, gold fell 0.11 per cent to USD 1,317.30 an
ounce and silver by 0.38 per cent to USD 17.09 an ounce in
Singapore.
In the national capital, gold of 99.9 per cent and 99.5
per cent purity bounced by Rs 30 each to Rs 30,480 and Rs
30,330 per 10 gram, respectively. The precious metal had
shed Rs 50 in Saturday's trade.
Sovereign however remained flat at Rs 24,700 per piece
of eight gram.
On the other hand, silver ready dropped by Rs 120 to Rs
39,880 per kg and weekly-based delivery by Rs 135 to Rs 39,115
per kg.
Silver coins however maintained a steady trend at Rs
73,000 for buying and Rs 74,000 for selling of 100 pieces.
PTI
