A positive global trend pushed gold prices higher by Rs. 100 to Rs. 29,430 per 10 grams, with local jewellers adding to the tempo.Silver retook the Rs. 42,000-mark per kg by jumping Rs. 200 in the wake of increased offtake by industrial units and coin makers.Traders said in the overseas market, gold prices soared to a month’s high on the back of the dollar’s weakness following President Donald Trump’s failure to push through his healthcare legislation.Globally, gold climbed 1.22 per cent to $1,258.10 an ounce, the highest since February 28, and silver by 0.96 per cent to $17.91 an ounce in Singapore.Besides, increased buying by local jewellers at the domestic spot market provided support.In the national capital, gold of 99.9 per cent and 99.5 per cent purity surged Rs. 100 each to Rs. 29,430 and Rs. 29,280 per 10 grams, respectively. It had shed Rs. 20 on Saturday.Sovereign, however, remained steady at Rs. 24,400 per piece of eight grams.In line with gold, silver ready moved up by Rs. 200 to Rs. 42,000 per kg and weekly-based delivery by Rs. 205 to Rs. 41,735.Silver coins, however, traded at the previous level of Rs. 71,000 for buying and Rs. 72,000 for selling of 100 pieces.
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Silver Price Equal Off with Notable Support
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BENGALURU, FEB 27:
Gold prices held firm on Monday near 3-1/2 month highs hit in the previous session, with investor...
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