New Delhi: Gold prices jumped by Rs 290 to regain the Rs 26,000-level at the bullion market today on the back of a firm trend overseas and pick-up in buying by jewellers to meet wedding season demand. However, silver remained weak and lost Rs 200 at Rs 33,850 per kg on reduced offtake by industrial units and coin makers.
- Gold rates in New York, which normally determine price trend on the domestic front, rose by 0.25 percent to USD 1,074.20 an ounce in yesterday's trade.
- In the national capital, gold of 99.9 and 99.5 percent purity zoomed by Rs 290 each to Rs 26,000 and Rs 25,850 per ten grams, respectively.
- The precious metal had lost Rs 130 in previous two days.
- Sovereign, however, remained steady at Rs 22,200 per piece of eight grams in limited deals.
- Silver ready dipped below Rs 34,000 by losing Rs 200 to Rs 33,850 per kg and weekly-based delivery was down by Rs 265 to Rs 33,980 per kg.
- Silver coins continued to be traded at last level of Rs 48,000 for buying and Rs 49,000 for selling of 100 pieces.
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