Markets

Gold, silver begin 2019 on positive note

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Gold prices rose by ₹200 to ₹32,470 per 10 gram at the bullion market here on the first day of trade in 2019 amid pick-up in demand.

In line with gold, silver too gained ₹150 to ₹39,250 per kg on increased demand from industrial units and coin makers.

Bullion traders said that pick-up in demand helped the rally in the precious metal.

Globally, gold traded at USD 1,282.17 an ounce, while silver stood at USD 15.44 an ounce in New York.

In the national capital, gold of 99.9% and 99.5% purity went up by ₹200 each to ₹32,470 per 10 gram and ₹32,320 per 10 gram, respectively.

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

Silver ready advanced by ₹150 to ₹39,250 per kg and weekly-based delivery saw a mild rise of ₹25 to ₹38,725 per kg.

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

In 2018, gold prices jumped by ₹1,870, or 6.15%, as compared with the price of ₹30,400 per 10 gram on December 30, 2017.

Silver, on the other hand, lost ₹880, or 2.2%, against ₹39,980 per kg as on December 30, 2017.

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Printable version | Jan 28, 2020 4:49:32 PM | https://www.thehindu.com/business/markets/gold-silver-begin-2019-on-positive-note/article25880925.ece

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