INSUBCONTINENT EXCLUSIVE:
Gold, silver prices: Globally, gold was up 0.02 per cent to $1,211 an ounce.Gold prices rose by Rs 150 to Rs 31,150 per ten gram at the
bullion market today, reported news agency Press Trust of India (PTI)
The gain in gold prices is due to steady buying by local jewellers, driven by ongoing festive season demand and positive global cues
The metal has gained Rs 380 in last three days
Meanwhile, silver prices also gained by Rs 170 to Rs 38,470 per kg due to increased offtake by industrial units and coin makers, reported
continuous buying by local jewellers to meet the festive season demand.2
Positive global cues as dollar eased against its rival currencies overseas, raising the appeal of the precious metals as a safe haven asset,
steadied as the dollar hovered near a one-month low following a trade deal between the United States and Mexico, but concerns around a still
developing US-China trade row kept a check on prices of the precious metal, reported Reuters.5
In the national capital, gold of 99.9 per cent and 99.5 per cent purity gained Rs 150 each to Rs 31,150 and Rs 31,000 per ten gram,
74,000 for selling of 100 pieces
