Breaking its 5-day fall, gold today rode on a wave of local buying activity as it rose Rs 200 to Rs 29,050 per 10 grams, aided by a firm global trend.Silver edged up on uptick in demand from industrial units and coin makers.Traders attributed the rebound in gold prices to a firm trend overseas and increased buying by local jewellers at the domestic spot market.Globally, gold firmed up 0.31 per cent to USD 1,204.50 an ounce and silver 0.44 per cent to USD 17.02 an ounce in New York yesterday.In the national capital, gold of 99.9 per cent and 99.5 per cent purity recovered by Rs 200 each to Rs 29,050 and Rs 28,900 per 10 grams, respectively. The metal had lost Rs 1,250 in the previous five days.Sovereign, however, remained flat at Rs 24,300 per piece of eight grams.Following gold, silver ready inched up by Rs 5 to Rs 40,980 per kg while weekly-based delivery fell by Rs 250 to Rs 40,530 per kg due to lack of speculators' buying support.Silver coins jumped Rs 2,000 to Rs 72,000 for buying and Rs 73,000 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 ...