New Delhi: Snapping a three-day losing streak, gold prices firmed up by Rs 215 to Rs 28,850 per ten grams at the bullion market today, tracking a firm trend overseas and fresh buying by jewellers to meet the wedding season demand.
- Silver followed suit and reclaimed Rs 37,000-mark by rising Rs 250 to close at Rs 37,100 per kg on increased offtake by industrial units and coin makers.
- Globally, gold advanced one per cent to USD 1,212.21 an ounce in Singapore, while at London it was up 0.42 percent at USD 1,205.40 an ounce in morning trade.
- Besides, buying by jewellers as well as retailers to meet the wedding season demand and a depreciating rupee against the dollar that made imports costlier, supported the upside, they said.
- In the national capital, gold of 99.9 and 99.5 percent purity recovered by Rs 215 each to Rs 28,850 and Rs 28,700 per ten grams respectively.
- The precious metal had lost Rs 1,015 in the last three days.
- Sovereign however continued to be traded at previous level of Rs 22,900 per piece of eight grams.
- Following gold, silver ready rebounded by Rs 250 to Rs 37,100 per kg and weekly-based delivery by Rs 420 to Rs 37,295 per kg.
- Silver coins too spurted by Rs 1,000 to Rs 54,000 for buying and Rs 55,000 for selling of 100 pieces.
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