INSUBCONTINENT EXCLUSIVE:
Sovereign gold, however, held steady at Rs 24,700 per piece of 8 grams.Offsetting four days of losses, gold prices Monday recovered Rs 390
to close at Rs 31,850 per 10 grams at the bullion market in the national capital on rise in demand from local jewellers amid firm trend
overseas, reported news agency Press Trust of India (PTI)
Silver followed suit and shot up by Rs 800 to 37,360 kg on strong demand from industrial units and coin makers
Rise in demand from jewellers and retailers and strong global cues led to a spurt in gold prices, reported the agency citing traders
Globally, gold climbed to a near one-month high on Monday as the dollar weakened after the United States and China agreed during the G20
summit in Argentina to a temporary truce in their trade war, reported news agency Reuters
Spot gold rose 0.7 per cent to $1,230.81 per ounce in intrday trade, having touched its highest level since November 7 at $1,232.22 earlier
In Delhi, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 390 each to Rs 31,850 and Rs 31,700 per 10 grams, respectively.3
Sovereign gold, however, held steady at Rs 24,700 per piece of 8 grams.4
Meanwhile, silver ready spurted by Rs 800 to Rs 37,360 per kg, while weekly-based delivery declined by Rs 602 to Rs 35,749 per kg.5
