New Delhi: Gold gained Rs 120 at Rs 31,240
per 10 grams at the bullion market today, snapping a two-day
losing streak on fresh buying by local jewellers to meet the
ongoing wedding season demand.
Silver however remained under selling pressure and eased
further by Rs 400 to Rs 40,050 per kg.
Traders said pick up in buying by local jewellers to
meet wedding season demand at domestic spot market, mainly led
to the recovery in gold prices but a weak trend overseas
capped the gains.
In Singapore, gold fell 0.34 per cent to USD 1,335.40 an
ounce and silver by 0.35 per cent to USD 17.06 an ounce.
In the national capital, gold of 99.9 per cent and 99.5
per cent purity bounced back by Rs 120 each to Rs 31,240 and
Rs 31,090 per 10 grams, respectively. It had lost Rs 330 in
the previous two sessions.
Sovereign, however, continued to be traded at the
previous level of Rs 24,800 per piece of eight grams.
On the other hand, silver ready dropped further by Rs 400
to Rs 40,050 per kg and weekly-based delivery by Rs 805 to Rs
39,075 per kg.
Silver coins, however, remained unaltered at Rs 74,000
for buying and Rs 75,000 for selling of 100 pieces.
PTI
