INSUBCONTINENT EXCLUSIVE:
Gold Rates Today: Demand for physical gold has been hit on account of higher domestic prices.Gold prices recovered by Rs 50 to reach Rs
31,900 per 10 grams at the bullion market on Saturday, driven by a firm trend overseas amid fresh buying by local jewellers, reported news
agency Press Trust of India
Silver too rebounded by Rs 550 to Rs 39,800 per kg on the back of increased offtake by coin makers, it further said
Besides a firm trend overseas, increased demand from local jewellers mainly led to the recovery in gold prices, said traders.Here are five
things to know about gold, silver prices today:1
In the national capital, gold of 99.9 per cent and 99.5 per cent purity rebounded by Rs 50 each to Rs 31,900 and Rs 31,750 per 10 grams,
The precious metal had shed Rs 250 on Friday
Demand for physical gold has been hit on account of higher domestic prices
This has prompted dealers to offer the biggest discounts in three-and-a-half months this week, according to a report by news agency Reuters
Earlier this week, gold futures hit their highest level since June 15, at Rs 31,350, while the rupee hit a record low of 74.23 to the dollar
