Gold prices rise by ₹100 at ₹33,750/10 gm on firm trend overseas

January 29, 2019 04:57 pm | Updated 05:30 pm IST - New Delhi

Extending its gains, gold prices on Tuesday rose by ₹100 to ₹33,750 per 10 gram at the bullion market here, tracking a firm trend overseas, according to All India Sarafa Association.

Silver prices also followed suit and gained ₹200 to ₹41,000 per kg on increased offtake by industrial units and coin makers.

Traders said, gold hovering at $1,300 an ounce in the overseas market aided sentiments and led to increase in the prices of the yellow metal.

Besides, the escalation of Sino-U.S. trade tensions ahead of its trade talks, led to safe haven buying, they added.

Globally, gold rose to $1,304.81 an ounce and silver traded higher at $15.79 an ounce in New York.

On Monday, gold prices had advanced by ₹350.

In the national capital, gold of 99.9% and 99.5% purities climbed ₹100 each to ₹33,750 and ₹33,600 per 10 gram, respectively.

However, sovereign gold, held steady at ₹25,700 per piece of eight gram.

Silver ready rose by ₹200 to ₹41,000 per kg and weekly-based delivery by ₹83 to ₹40,073 per kg.

On the other side, silver coins continued to be traded at previous level of ₹78,000 for buying and ₹79,000 for selling of 100 pieces.

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