INSUBCONTINENT EXCLUSIVE:
Sovereign gold, however, held steady at Rs 26,800 per eight gram.Gold prices on Wednesday increased by Rs 260 to 34,380 per 10 gram at the
bullion market in the national capital, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association
The rise in gold prices were supported by firm global trend on the back of safe haven buying of the yellow metal by investors and increased
In the national capital, gold of 99.9 per cent and 99.5 per cent purity gained Rs 260 each to Rs 34,380 and Rs 34,210 per 10 gram,
According to Tapan Patel, HDFC Securities Senior Analyst (Commodities), gold prices rallied on safe haven buying with investors sighting
"The US 10-year bond yields fell to 2-year lows supporting gold buying
The trade war jitters on fresh threat of tariffs on $4 billion EU goods, expectations of rate cut for the US Federal Reserve and signs of
monetary easing from central banks is favouring medium term bullish trend in gold prices," he said.5
Silver rates rose by Rs 150 to Rs 38,650 per kg on more offtake by industrial units in the national capital
The weekly-based delivery jumped Rs 349 to Rs 37,348 per kg
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