Wedding season, positive global cues push gold prices by Rs 90 to Rs 33,300 per 10 gm; silver recovers too

Globally, gold rose 0.21 percent to $1,284.30 an ounce and silver by 0.39 percent to $15.41 an ounce in New York.

Press Trust of India January 25, 2019 18:30:29 IST
Wedding season, positive global cues push gold prices by Rs 90 to Rs 33,300 per 10 gm; silver recovers too
  • Gold prices edged up by Rs 90 to Rs 33,300 per 10 gram at the bullion market

  • Silver prices also recovered by Rs 100 to Rs 40,050 per kg on increased offtake

  • Globally, gold rose 0.21 percent to $1,284.30 an ounce and silver by 0.39 percent to $15.41 an ounce in New York

New Delhi:  Gold prices edged up by Rs 90 to Rs 33,300 per 10 gram at the bullion market on Friday on fresh buying by local jewellers to meet wedding season demand amid positive global cues.

Silver prices also recovered by Rs 100 to Rs 40,050 per kg on increased offtake by industrial units and coin makers.

Wedding season positive global cues push gold prices by Rs 90 to Rs 33300 per 10 gm silver recovers too

Representational image. Reuters.

Marketmen said, gold prices rose due to increased buying by jewellers to meet the ongoing wedding season demand at the domestic spot market.

Moreover, a firm trend overseas supported the rise in yellow metal prices, they said. Bullion market will be closed on Saturday on account of Republic Day.

Globally, gold rose 0.21 percent to $1,284.30 an ounce and silver by 0.39 percent to $15.41 an ounce in New York.

In the national capital gold of 99.9 percent and 99.5 percent purity climbed Rs 90 each to Rs 33,300 and Rs 33,150 per 10 gram, respectively. It had held steady on Thursday.

Sovereign gold, however, remained flat at Rs 25,500 per piece of 8 gram.

Tracking gold, silver ready rose by Rs 100 to Rs 40,050 per kg and weekly-based delivery by Rs 42 to Rs 39,036 per kg.

On the other side, silver coins continued to be traded at previous level of Rs 77,000 for buying and Rs 78,000 for selling of 100 pieces.

 

 

To keep watching India’s No. 1 English Business News Channel – CNBC-TV18, call your Cable or DTH Operator and ask for the Colors Family Pack (inclusive of 24 channels), available for Rs. 35/- per month, or subscribe to the channel for Rs. 4/- per day.

To keep watching the Leader in Global Market & Business News – CNBC-TV18 Prime HD, call your Cable or DTH Operator and ask for the Colors Family HD Pack (inclusive of 25 channels), available for Rs. 50/- per month, or subscribe to the channel for Rs. 1/- per day.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

NIA court grants bail to 10 in Kerala gold smuggling case, dismisses pleas of three key accused
India

NIA court grants bail to 10 in Kerala gold smuggling case, dismisses pleas of three key accused

The court ordered the ten accused to execute of a bond of 10 lakh each, surrender their passports, to not leave the state without permission and not make any attempt to contact prosecution witnesses

Kerala gold smuggling case: Accused suspected to have links with Dawood Ibrahim’s gang, NIA tells court
India

Kerala gold smuggling case: Accused suspected to have links with Dawood Ibrahim’s gang, NIA tells court

Intelligence inputs suggest that proceeds from the gold smuggling were used for anti-national and terror activities, said the Central agency