INSUBCONTINENT EXCLUSIVE:
On Thursday, gold prices had dropped by Rs 80 and silver rates had declined by Rs 90.Gold prices advanced by Rs 100 to Rs 32,770 per 10 gram
in the national capital on Friday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association
Increased buying by jewellers led to the rise in gold prices, traders were quoted as saying in the PTI report
Silver rates also surged by Rs 200 to Rs 38,530 per kg on Friday on more offtake by industrial units and coin makers
In the national capital, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 100 to Rs 32,770 and Rs 32,600 per 10 gram, respectively
Gold prices had lost Rs 180 in the last two days.2
According to analysts, rise in demand from local jewellers led to the uptick in gold prices
However, a weak trend overseas capped the gains, they said.3
In the international market, spot gold was trading lower at $1,287.98 an ounce, while silver stood steady at $15.13 an ounce in New York.5
Silver ready advanced by Rs 200 to Rs 38,530 per kg, while weekly-based delivery gained Rs 61 to Rs 37,531 per kg
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