Markets

Gold prices jump ₹230, silver gains ₹250

Silver also rose ₹250

Rising for the second day, gold prices on Friday jumped ₹230 to close at ₹32,230 per 10 gm at the bullion market in the national capital, on the back of increased demand from local jewellers amid positive global trend.

Silver also rose ₹250 to close at ₹38,000 per kg on fresh buying by coin makers and industrial units.

Marketmen attributed the rally to higher uptake by local jewellers amid positive trend overseas, which further supported the domestic market.

Globally, gold traded higher at USD 1,259.12 per ounce and silver was also up at USD 14.72 per ounce in New York.

In the national capital, gold of 99.9% and 99.5% purities rose ₹230 each to ₹32,230 and ₹32,080 per 10 gm, respectively.

Sovereign gold held steady at ₹25,000 per piece of 8 gram on restricted activity.

Silver ready, too, jumped by ₹250 to ₹38,000 per kg, while weekly-based delivery was up by ₹236 to ₹37,494 per gm.

However, silver coins were unchanged at ₹74,000 for buying and ₹75,000 for selling of 100 pieces.

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Printable version | Apr 8, 2020 2:30:22 AM | https://www.thehindu.com/business/markets/gold-prices-jump-230-silver-gains-250/article25798834.ece

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