INSUBCONTINENT EXCLUSIVE:
Gold rates had gained Rs 380 in the previous two sessions.New Delhi:Gold rates rose for the third day in a row, rising by Rs 250 to Rs
Buying by local jewellers helped support the domestic prices
Silver prices also gained and reclaimed the Rs 41,000-mark
Silver prices soared by Rs 1,030 to Rs 41,480 per kg due on higher demand from industrial units and coin makers
Buying by local jewellers to meet wedding season demand in the domestic market kept gold prices higher, marketmen said
Besides, a weakening rupee against the US dollar also made imports of the metal costlier, experts said.5 Things To Know About Gold, Silver
Rates TodayIn Delhi, gold of 99.9 per cent and 99.5 per cent purity advanced by Rs 250 each to Rs 32,630 and Rs 32,480 per ten gram,
The precious metal had gained Rs 380 in the previous two sessions.Sovereign, however, held steady at Rs 24,900 per piece of eight
grams.(Read: Should You Invest In Gold Here's What Experts Say)In line with gold, silver ready spurted by Rs 1,030 to Rs 41,480 per kg and
weekly-based delivery by Rs 960 to Rs 40,450 per kg.Silver coins too rose by Rs 1,000 to Rs 76,000 for buying and Rs 77,000 for selling of
100 pieces.Global gold rates were flat today, weighed down by a firmer dollar and a decline in global geopolitical tensions, breaking a
string of gains for four successive sessions
Spot gold was down 0.2 percent at $1,346.60 per ounce, while US gold futures fell 0.3 percent to $1,349.90 per ounce
"Uncertainty has decreased somewhat
Geopolitical worries, trade risk have moved to the background," said commodity strategist Georgette Boele at ABN AMRO.
