Gold prices rise to Rs 30,750 ahead of festive season
Gold prices today jumping Rs 150 to Rs 30,750 per 10 grams, takes strength from positive global leads and increased buying by local jewellers.
Silver too appreciated by Rs 400 to Rs 40,900 per kg, as the demand from industrial units and coin makers increases.
Globally, gold rose 0.27 per cent to USD 1,314.30 an ounce and silver by 0.23 per cent to USD 17.31 an ounce in Singapore.
Besides, domestic jewellers increased buying to meet festive season demand at the spot market, which led to the uptrend, they said.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 150 each to Rs 30,750 and Rs 30,600 per 10 grams, respectively.
Silver ready bounced back by Rs 400 to Rs 40,900 per kg and weekly-based delivery by Rs 530 to Rs 40,320 per kg.
Silver coins, however, continued to be traded at the previous level of Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
-PTC News
