Gold Prices Break 3-Day Rising Streak: 5 Things To Know

according to Gold prices moved down by Rs 55 to Rs 31,595 per 10 grams on Tuesday, mainly on sluggish trend overseas amid easing demand from local jewellers. Weak global cues and lacklustre local demand were the predominant factors. Traders said a weak trend overseas, pressured by prospects of rising US interest rates and muted demand from local jewellers at domestic spot market weighed on gold prices, further reported PTI. Gold gained Rs. Silver ready recovered by Rs 100 to Rs 41,000 per kg while weekly-based delivery shed Rs 5 to Rs 39,675 per kg.5.

Gold Prices Surge After 4-Day Fall: 5 Things To Know

Gold Price: Sovereign gold, however, remained flat at Rs 24,800 per piece of eight grams. However, silver remained under selling pressure and slipped below the Rs 40,000-mark by plunging Rs 390 to Rs 39,910 per kg. Traders said sentiment bolstered after gold prices rose to a one-week high in global markets, rebounding from a seven-month low touched in the previous session, as a softer US dollar stoked demand for the yellow metal. Here are key things to know about gold and silver prices today:1. Silver coins, however, maintained a steady trend at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.

Gold Prices Continue Slight Recovery, Silver Jumps: 5 Things To Know

according to Gold price today: The rate in Delhi went by a cumulative Rs 40 in two daysDomestic gold prices extended their slight recovery to a second straight day, in line with the international market. With a gain of Rs 15 per 10 grams on Friday, gold prices in Delhi made a total recovery of Rs 40 in two days. A pick-up in demand at the local spot market and a firm trend in gold prices overseas - backed by a strengthening dollar - supported domestic gold prices, say traders. Globally, gold prices edged up from a one-year low registered in the previous session, as the US dollar eased from its highest in a year. Spot gold was up 0.1 percent at $1,223.71 an ounce at 4:16 pm, reported news agency Reuters.

collected by :kiven Dixter