Monday 23 January 2017

Gold regains glitter on global cues, jewellers' buying

After falling for two straight days, gold regained its glitter with costs rising by means of Rs 140 to Rs 29,715 for 10 grams at the bullion market nowadays, generally driven by means of agency pattern overseas amid pick-up in shopping for by using jewellers at the domestic spot market.

Silver also advanced via Rs one hundred to Rs 41,800 per kg on increased offtake by using industrial gadgets and coin makers.

Bullion traders attributed the recovery in gold costs to a firm trend overseas because the weak spot in greenback boosted demand for the dear metals as a secure-haven.

Globally, gold rose by means of zero.50 per cent to USD 1,215.84 an ounce and silver by means of 0.12 per cent to USD 17.08 an oz. in Singapore.

as well as, elevated shopping for with the aid of local jewellers to fulfill ongoing wedding ceremony season demand, fuelled the uptrend, they stated.

in the nationwide capital, gold of 99.9 per cent and 99.5 per cent purity rebounded via Rs one hundred forty each to Rs 29,715 and Rs 29,565 per 10 grams, respectively. It had lost Rs 125 within the earlier two days.

Sovereign, alternatively, held consistent at Rs 24,300 per piece of eight grams.

monitoring gold, silver prepared rose via Rs one hundred to Rs forty one,800 per kg and weekly-based delivery by using Rs 230 to Rs forty one,655 per kg.

Silver coins, then again, maintained steady at Rs seventy two,000 for purchasing and Rs 73,000 for promoting of a hundred items.
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