Gold Silver Reports (GSR) – Physical Gold prices rose by Rs. 200 to Rs. 32,870 per 10 grams on Friday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association.
Tracking gold, silver also gained by Rs. 150 to Rs. 37,550 per kg on increased offtake by industrial units and coin makers. The rise in gold prices came due to a pick-up in demand from local jewellers in the domestic market but a weak trend overseas capped the gains, Press Trust of India quoted traders as saying.
MCX LIVE Gold Trading Level – Gold Strong Hurdle 31820 – Gold Silver Reports
Silver ready rose by Rs. 150 to Rs. 37,550 per kg, while weekly-based delivery was up by Rs. 316 to Rs. 36,550 per kg. On the other hand, silver coins held flat at Rs. 79,000 for buying and Rs. 80,000 for selling of 100 pieces.
Gold prices held steady on Friday after rising above $1,280 in the previous session as weak US data pushed the dollar off 2-year highs and reignited hopes of a rate cut by the Federal Reserve this year, reported news agency Reuters.
Sovereign gold, however, held steady at Rs. 26,500 per eight grams.
In Delhi, gold of 99.9 per cent and 99.5 per cent purity gained by Rs. 200 each to Rs. 32,870 and Rs. 32,700 per 10 grams, respectively.
Spot gold was steady at $1,283.21 per ounce in intraday trade, after rising as much as 1.1 per cent to a one-week peak of 1,287.23 in the previous session. The metal has risen 0.5 per cent so far this week. US gold futures for June were down 0.2 per cent at 1,283.10.
