Gold, silver rise on global cues

Gold prices rose by Rs. 70 to Rs. 27,250 per ten gram in the national capital on Friday on increased buying by stockists, taking positive cues from the global markets.

Silver prices also spurted by Rs. 500 to Rs. 41,000 per kg on increased off-take by industrial units and coin makers.

Traders said increased buying by stockists in line with a firm global trend, as investors awaited the U.S. jobs report and the impact on the monetary stimulus, mainly boosted the sentiment.

Gold in Singapore, which normally sets price trend on the domestic front, traded at $1,255.86 an ounce from $1,253.63 on Thursday. Silver also moved up by 0.4 per cent to $19.12 an ounce.

In Delhi, gold of 99.9 and 99.5 per cent purity moved up by Rs. 70 each to Rs. 27,250 and Rs. 27,050 per ten gram, respectively; while sovereign remained flat at Rs. 24,400 per piece of 8 gram in limited deals.

In line with a general firm trend, silver ready rose by Rs. 500 to Rs. 41,000 per kg and weekly-based delivery by Rs. 475 to Rs. 40,275 per kg.

On the other hand, silver coins continued to be enquired at last level of Rs. 75,000 for buying and Rs. 76,000 for selling of 100 pieces in restricted deals.

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Printable version | Jul 4, 2022 6:43:43 pm |