Gold Price Rise On Buying By Jewellers


New Delhi: Increased purchasing by jewelers in the household bullion market and firm worldwide prompts propped up gold costs by Rs. 110 to Rs. 31,150 for every 10 grams on Monday.

Silver recaputred the Rs. 45,000 imprint by surging Rs. 525 to Rs. 45,500 for each kg on higher offtake by mechanical units and coin creators.

Marketmen said a firming pattern abroad where gold bounced back from the most minimal level helped the metal costs here.
Globally, gold rose 0.4 per cent to $1,315.30 an ounce in Singapore from $1,310.35 on Friday – the lowest close since August 31. Silver also surged 2.1 per cent, the most since September 6, to 19.17 an ounce.

Besides, continued buying by jewellers at the domestic spot market supported the upside in the precious metals prices, they said.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity climbed by Rs. 110 each to Rs. 31,150 and Rs. 31,000 per 10 grams, respectively. It had gained Rs. 40 in Saturday's trade.
Sovereign, however, remained flat at Rs. 24,400 per piece of eight grams.

In step with gold, silver ready rebounded by Rs. 525 to Rs. 45,500 per kg and weekly-based delivery by Rs. 560 to Rs. 45,830 per kg.

On the other hand, prices of silver coins remained unaltered at Rs. 75,000 for buying and Rs.76,000 for selling of 100 pieces