The price of gold increased by Rs 160 to Rs 30,750 per 10 grams on the eve of Diwali on the bullion market on increased buying by jewelers to meet the festive demand with a firm global trend.
The price of gold increased by Rs 160 to Rs 30,750 per 10 grams
Silver has taken the mark of Rs 43,000 per kg
Globally, gold rose 0.52 percent to $ 274.70 an ounce 1
New Delhi: The price of gold rose by Rs 160 to Rs 30,750 per 10 grams on the eve of Diwali on the bullion market today on increased buying by jewelers to meet the festive demand with global firm trend.
Silver has taken the mark of Rs 43,000 per kilogram earning Rs 300 on augmented taken by coins manufacturers and industrial units. Traders said that bullion increased purchases by jewelers to meet the demand of Diwali on the local spot market, mainly led to the rise in precious metal prices.
In addition, a firm trend overseas where gold regrouped to a three-week high influenced the sentiment here.
Globally, gold rose by 0.52 percent to 1 $ 274.70 an ounce and silver by 0.77 per cent to $ 17.73 an ounce in New York trading yesterday.
In the national capital, gold of 99.9 and 99.5% purity rose by Rs 160 each to Rs 30,750 and Rs 30,600 per 10 grams, respectively. It had lost Rs 125 in last two days.
Sovereign, however, held steady at Rs 24,500 per piece of eight grams. Monitoring of gold, silver ready rose by Rs 300 to Rs 43,000 per kg and weekly delivery of Rs 370 to Rs 42,540 per kg.
The silver coins continued to be traded at the previous level of Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.