New Delhi: Gold prices rose Rs 120 to trade at over two-month high of Rs 26,450 per 10 gram at the bullion market today, tracking a firm trend in global market amid a pick up in buying at the domestic spot markets by jewellers.
- Silver followed suit and edged up by Rs 55 to Rs 33,855 per kg on increased offtake by industrial units and coin makers.
- Globally, gold advanced 0.4 percent to USD 1,108.65 an ounce in Singapore.
- They rupee depreciating against the dollar, making imports costlier too attributed rise in the precious metal prices, they said.
- In the national capital, gold of 99.9 percent and 99.5 percent purity rose by Rs 120 each to Rs 26,450 and Rs 26,300 per ten grams, respectively, a level last seen on November 4 last year. The metal had shed Rs 20 in Saturday's trade.
- Sovereign, however, held steady at Rs 22,400 per piece of eight gram in limited deals.
- Tracking gold, silver ready recovered by Rs 55 to Rs 33,855 per kg, while weekly-based delivery shed Rs 25 at Rs 33,800 per kg.
- Silver coins spurted by Rs 1,000 to Rs 49,000 for buying and Rs 50,000 for selling of 100 pieces.
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