INSUBCONTINENT EXCLUSIVE:
Sovereign, however, remained flat at Rs 26,400 per piece of 8 grams.Gold prices fell by Rs 100 to Rs 33,150 per 10 grams at the bullion
market on Tuesday reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association
The fall came on subdued demand from local jewellers and diversion of funds to rising equity market despite positive trend overseas
Silver, however, gained Rs 50 to Rs 39,580 per kg on increased uptake by industrial units and coin makers
Low demand from domestic jewellers and investors' increased focus on equities pulled down the prices of the yellow metal, said the report
Domestic stock markets surged for second day in a row on Tuesday
The SP BSE Sensex rose 481.56 points to close at 37,535.66, and the NSE Nifty 50 Index climbed 133.15 points to 11,301.20.2
Sovereign, however, remained flat at Rs 26,400 per piece of 8 grams.3
Globally, gold prices rose on Tuesday as the dollar weakened against the pound after the European Commission accepted amendments to the UK's
Silver ready, on the other hand, rose Rs 50 to Rs 39,580 per kg, whereas weekly-based deliveries fell Rs 55 to Rs 38,660 per kg
Silver coins, meanwhile, held steady at previous levels of Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.(With agency inputs)
