Gold remains up on jewellers' buying

25 December, 2017

New Delhi: Gold prices edged higher by Rs 25 to Rs 29,875 per 10 grams at the bullion market today on sustained buying by local jewellers.  

Silver also rose by Rs 40 to Rs 38,700 per kg. Traders said sustained buying by local jewellers kept gold prices higher amid absence of cues from overseas markets, which are closed for Christmas.  

In the national capital, gold of 99.9 and 99.5 per cent purity edged up by Rs 25 each to Rs 29,875 and Rs 29,725 per 10 grams respectively. The precious metal had surged Rs 165 in Saturday's trade. 

Sovereign, however, pegged unchanged at Rs 24,500 per piece of eight grams in scattered deals.  

Following gold, silver ready rose by Rs 40 to Rs 38,700 per kg, while weekly-based delivery held steady at Rs 37,955 per kg.  

However, silver coins spurted by Rs 1,000 to Rs 71,000 for buying and Rs 72,000 for selling of 100 pieces. PTI