Tracking gold, silver too surpassed 42,000-mark per kg level on sustained speculative buying by industrial units. The yellow-metal gained 1.18 per cent or Rs 340, while, white-metal silver too gained 3.39 per cent or Rs 1,400 in two-weeks. The major physical markets in Asia were mixed this week as Indian jewellers stocked up for wedding season, while rising prices sidelined buyers elsewhere. The yellow-metal most-active contracts, climbed by 1.2 per cent for the week, while white-metal saw a weekly rise of 2.6 per cent. second week in a row, regaining the Rs 29,000-mark at the bullion market during the week, while tracking firm trend overseas, also supported by wedding seasonal offtake by jewellers and retailers.
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Tracking gold, silver ready recorded a hefty rise of Rs 800 to Rs 43,050 per kg and weekly-based delivery Rs 760 to Rs 42,620 per kg. Silver coins spurted Rs 1,000 to Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces. Silver also reclaimed the Rs 43,000-mark by gaining Rs 800 to Rs 43,050 per kg on increased offtake by industrial units and coin makers. In the national capital, gold of 99.9 per cent and 99.5 per cent purity rebounded by Rs 225 each to Rs 29,725 and Rs 29,575 per 10 grams, respectively. Bullion traders attributed the recovery in gold prices to a firm trend overseas and increased buying by local jewellers to meet the wedding season demand at the domestic spot market.
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Gold prices recover by Rs225, silver tops Rs43,000
Tracking gold, silver ready recorded a hefty rise of Rs800 to Rs43,050 per kg and weekly-based delivery Rs760 to Rs42,620 per kg. Globally, gold rose by 0.42% to trade at almost 3-month high of $1,232.90 an ounce in New York on Friday. Bullion traders attributed the recovery in gold prices to a firm trend overseas and increased buying by local jewellers to meet the wedding season demand at domestic spot market. In the national capital, gold of 99.9% and 99.5% purity rebounded by Rs225 each to Rs29,725 and Rs29,575 per 10 grams, respectively. Globally, gold rose by 0.42% to trade at almost three-month high of $1,232.90 an ounce and silver by 1.85% to $17.94 an ounce in New York yesterday.Tracking gold, silver ready recorded a hefty rise of Rs 800 to Rs 43,050 per kg and weekly-based delivery Rs 760 to Rs 42,620 per kg. Silver coins spurted Rs 1,000 to Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces. Silver also reclaimed the Rs 43,000-mark by gaining Rs 800 to Rs 43,050 per kg on increased offtake by industrial units and coin makers. In the national capital, gold of 99.9 per cent and 99.5 per cent purity rebounded by Rs 225 each to Rs 29,725 and Rs 29,575 per 10 grams, respectively. Bullion traders attributed the recovery in gold prices to a firm trend overseas and increased buying by local jewellers to meet the wedding season demand at the domestic spot market.
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collected by :Jack Luxor
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