Gold tops ₹32,000-mark on jewellers’ buying, global cues

Silver too firmed up by ₹200.

November 22, 2018 05:34 pm | Updated 05:35 pm IST - New Delhi

Gold went past the ₹32,000-mark by gaining ₹90 to trade at ₹32,040 per 10 gram at the bullion market on Thursday on fresh buying by local jewellers amid a firm trend overseas.

Silver too firmed up by ₹200 to ₹38,000 per kg on the back of increased offtake by industrial units.

Gold prices surged on Thursday after falling for three straight days, largely on fresh buying by jewellers at the domestic spot market, coupled with a better trend globally.

Globally, gold rose 0.11% to USD 1,228 an ounce, while silver traded higher at USD 14.59 an ounce in Singapore as weakness in the dollar raised demand for the precious metal as a safe haven.

In the national capital, gold of 99.9% and 99.5% purity rebounded by ₹90 each to ₹32,040 and ₹31,890 per 10 gram, respectively. It had lost ₹200 in the previous three days.

Sovereign gold, however, held steady at ₹24,800 per piece of 8 gram on little doing.

In line with gold, silver ready recovered by ₹200 to ₹38,000 per kg, while weekly-based delivery by ₹302 to ₹36,888 per kg.

Silver coins were unaltered at ₹73,000 for buying and ₹74,000 for selling of 100 pieces.

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