INSUBCONTINENT EXCLUSIVE:
Gold, silver prices: The precious metal had lost Rs 150 in the previous session on Monday.Gold prices surged by Rs 555 to touch Rs 32,030
per 10 grams at the bullion market on Wednesday, taking positive leads from global markets amid fresh buying by local jewellers, reported
news agency Press Trust of India (PTI)
Silver too went past the Rs 39,000-per kg mark on increased offtake by industrial units and coin makers
Sentiment turned upbeat on positive global cues, as demand picked up after the US and Canada reached an agreement to salvage a North
American free trade deal, said traders
prices, they added.Here are 5 things to know about gold, silver prices today:1
Globally, gold rates hit highest in more than a week on Wednesday as the dollar softened and demand for the safe-haven metal got a boost on
Earlier in the session, the bullion touched the highest since September 21 at $1208.31
In the national capital, gold of 99.9 per cent and 99.5 per cent purity soared by Rs 555 each to Rs 32,030 and Rs 31,880 per 10 grams,
The precious metal had lost Rs 150 in the previous session on Monday
Market remained closed Tuesday on account of Gandhi Jayanti
"Gold extends biggest one-day climb in more than five weeks, with some investors forced to close bets on losses as Italy's budget
confrontation with the EU (European Union) prompted haven buying
Shorts are being caught out on this one
Weaker near-term stops above $1,200 level are probably contributing to the flow
Traders would focus on US ADP nonfarm employment change for furthest direction," said Jigar Trivedi, Fundamental Research Analyst, Anand
Silver coins, however, were unaltered at Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.(With agency inputs)
