NEW DELHI, MARCH 16: Gold prices rose sharply by Rs. 450 to regain the Rs. 29,000-mark and trade at Rs. 29,100 per 10 grams at the bullion market today, tracking a firm trend overseas amid fresh buying by local jewellers.Silver followed suit to recapture the Rs. 41,000-mark by climbing Rs. 1,050 to Rs. 41,350 per kg on increased offtake by industrial units and coin makers.Bullion traders said a firm trend overseas despite the rate hike by the US Federal Reserve amid increased buying by local jewellers, mainly led to a rally in gold prices.The Federal Reserve, as was widely expected, raised the benchmark interest rate by a quarter percentage point last night, but gave a more dovish outlook for future hikes.Globally, gold rose 0.44 per cent to $1,225.10 an ounce and silver by 0.63 per cent to $17.43 an ounce in Singapore.In the national capital, gold of 99.9 and 99.5 per cent purity surged by Rs. 450 each to Rs. 29,100 and Rs.28,950 per 10 grams respectively. The precious metals had lost Rs. 400 in the last two days.Sovereign, also moved up by Rs. 100 at Rs. 24,300 per piece of eight grams.Following gold, silver ready flared up by Rs. 1,050 to Rs. 41,350 per kg and weekly-based delivery by Rs. 1,040 to Rs. 41,010 per kg.Silver coins, however, held steady at Rs. 70,000 for buying and Rs. 71,000 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 ...