Gold Silver Reports – Gold Prices Maintain Rising Streak on Jewellers Buying – Gold prices advanced by Rs50 to Rs31,100 per 10 grams at the bullion market on Wednesday on sustained buying by local jewellers shrugging off weak global cues. However, silver prices slipped by Rs230 to Rs40,070 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 rate fell 0.34% to $1,333.50 an ounce and silver by 0.35% to $17.12 an ounce in Singapore.
In the national capital, gold of 99.9% and 99.5% purity further added Rs50 each to Rs31,100 and Rs30,950 per 10 grams, respectively. The precious metal had gained Rs575 in the previous five sessions. Sovereign, however, held steady at Rs24,800 per piece of eight grams.
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On the other hand, silver ready further went down by Rs230 to Rs40,070 per kg and weekly-based delivery by Rs340 to Rs39,325 per kg. Silver coins also plunged by Rs1,000 each to Rs74,000 for buying and Rs75,000 for selling of 100 pieces. – Neal Bhai Reports
