New Delhi: Gold prices got past the Rs30,000-mark again by climbing Rs375 to Rs30,100 per 10 grams on Saturday, reflecting strong global uptrend and increased buying by local jewellers.Traders said that apart from a better trend in global markets due to weakness in the dollar, increased buying by local jewellers at the domestic spot market triggered by the wedding season bolstered sentiment.Globally, gold rose 0.02% to USD1,234.30 an ounce and silver 1.27% to $17.95 an ounce in New York on Friday.In the national capital, gold of 99.9% and 99.5% purity bounced back by Rs375 each to Rs30,100 and Rs29,950 per 10 grams, respectively. The precious metal had lost Rs275 yesterday. Sovereign, however, remained unchanged at Rs24,500 per piece of 8 grams in limited deals.Following gold, silver ready rebounded by Rs400 to Rs43,100 per kg and weekly-based delivery edged up by Rs5 to Rs42,165 per kg. Silver coins spurted by Rs1,000 to Rs74,000 for buying and Rs75,000 for selling of 100 pieces.
Trump's economic policy Investors were looking ahead to an address by Trump to Congress next week for further clarity on his economic pol... read more ...
Silver acts as an inflation hedge, and in times of crisis, small quantities may be used for smaller, daily transactions compared to holding a tradi... read more ...
Gold prices soared by Rs325 to regain the Rs30,000-mark and trade at over 4-month high of Rs30,175 per 10 grams at Delhi bullion market on Saturday... read more ...
its three-week gains at the bullion market, on reduced offtake due to holiday-truncated week despite firm global trend.Marketmen said easing demand... read more ...
Oil prices slid nearly 1 percent as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.
But... read more ...
The Energy Information Administration (EIA) reported that natural gas in underground storage fell by 89 billion cubic feet ((bcf)) in the week endi... read more ...
Silver Price Equal Off with Notable Support
See the Webinar Calendar for a schedule of upcoming live events with Paul or... read more ...
BENGALURU, FEB 27:
Gold prices held firm on Monday near 3-1/2 month highs hit in the previous session, with investor...
read more ...