Gold rises on firm trend overseas

January 02, 2019 03:56 pm | Updated 03:56 pm IST - New Delhi

Gold prices edged up by ₹30 to ₹32,500 per 10 gram at the bullion market here on Wednesday due to a firm trend overseas.

Similarly, silver gained ₹100 to ₹39,350 per kg on increased demand from industrial units and coin makers.

Bullion traders said positive global cues and marginal demand from local jewellers led to the rise in gold prices.

On Tuesday, gold shot up by ₹400 per 10 gram.

Globally, gold rose to USD 1,286.57 an ounce, while silver held steady at USD 15.45 an ounce in New York.

In the national capital, gold of 99.9% and 99.5% purity rallied by ₹30 each to ₹32,500 per 10 gram and ₹32,350 per 10 gram, respectively.

Sovereign gold however remained unchanged at ₹25,200 per piece of 8 gram.

Silver ready advanced by ₹100 to ₹39,350 per kg and weekly-based delivery saw a mild rise of ₹23 to ₹38,748 per kg.

Silver coins, however, remained unchanged at ₹76,000 for buying and ₹77,000 for selling of 100 pieces.

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