Gold edges up by ₹100, silver rises ₹130

Gold prices rose by ₹100 to ₹33,720 per 10 gm; silver prices increased by ₹130 to ₹38,220 per kg

June 18, 2019 04:16 pm | Updated 05:39 pm IST - New Delhi

Gold prices rose by ₹100 to ₹33,720 per 10 gm at the bullion market in the national capital on June 18 on the back of positive demand from local jewellers amid favourable trend overseas, according to the All India Sarafa Association.

Similarly, silver prices increased by ₹130 to ₹38,220 per kg on account of increased offtake by industrial units and coin makers.

Traders said positive global market and demand from local jewellers pushed the prices upwards.

In the international market, spot gold was trading up at $1,344.90 an ounce, while silver was up at $14.96 an ounce in New York.

In the national capital, gold of 99.9% and 99.5% purity rose by ₹100 each to ₹33,720 and ₹33,550 per 10 gram, respectively.

Sovereign gold, however, remained unchanged at ₹26,800 per eight gram as compared to the previous close.

Silver ready jumped by ₹130 to ₹38,220 per kg, while weekly-based delivery rose by ₹140 to ₹37,256 per kg.

Prices of silver coins saw no change and remained at ₹80,000 for buying and ₹81,000 for selling of 100 pieces.

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