Gold Silver Reports (GSR) – Physical Gold prices on Monday gained by Rs. 30 to Rs. 33,000 per 10 grams on the back of demand from jewellers, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association.
Physical Silver also surged Rs. 250 to Rs. 38,700 per kg on increased offtake by industrial units and coin makers. Despite weak global trend, gold prices saw an upward movement due to a rise in domestic gold demand, said the report citing traders.
On Saturday, the yellow metal (Bullion) had declined by Rs. 50 to Rs. 32,970 per 10 grams.
About gold, silver prices:
💡 Physical Silver ready rose by Rs. 250 to Rs. 38,700 per kg, while weekly-based delivery fell by Rs. 268 to Rs. 37,250 per kg. On the other hand, silver coins held flat at Rs. 80,000 for buying and Rs. 81,000 for selling of 100 pieces.
💡 However, sovereign gold held steady at Rs. 26,400 per eight grams.
💡 Globally, gold prices eased on Monday, having touched a more-than one week high in the previous session, as stronger equity markets lifted risk-sentiment, thereby eroding safe-haven demand of the metal, reported news agency Reuters.
💡 In Delhi, Physicalgold of 99.9 per cent and 99.5 per cent purity advanced by Rs. 30 each to Rs. 33,000 and Rs. 32,830 per 10 grams, respectively.
💡 Spot gold fell by 0.3 per cent to $1,281.87 per ounce in intraday trade, having hit its highest since April 16 at $1,288.59 in the previous session. US gold futures shed 0.4 percent to $1,283.80 an ounce.
CHENNAI, India : Gold Rs. 1 crore has been recovered from 18 air passengers who arrived from Dubai—Colombo on 27, Saturday, 2019 the Customs Department said today.
The men and women carried the gold in their checked-in baggage as well as in “concealed” in their person, it said. Further, 892 gm of gold, covered with adhesive tape, was found from the rear toilet of a national carrier that arrived from Colombo and was scheduled to proceed to Hyderabad in its domestic run, it said.
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