Gold, Silver Bounce Back on Global Cues, Jewellers' Buying

Published: 16th November 2015 03:33 PM  |   Last Updated: 16th November 2015 03:33 PM   |  A+A-


NEW DELHI: Riding on rebound in global market and fresh buying by jewellers at the domestic market, gold regained the Rs 26,000-mark by rising Rs 235 to Rs 26,150 per ten grams, snapping its two-day falling streak at the bullion market today.

Silver also recovered by Rs 300 to Rs 34,600 per kg on pickup in demand from industrial units and coin makers.

Bullion merchants attributed recovery in the precious metals to a firming trend overseas as the attacks in Paris reinvigorated bullion's traditional role as a haven.

Furthermore, fresh buying by jewellers driven by ongoing wedding season too supported the upside in prices, they said.

Gold in Singapore, which normally sets price trend on the domestic front, advanced 1.2 per cent to USD 1,096.44 an ounce and silver was up 1.3 per cent to USD 14.44 an ounce.

In the national capital, gold of 99.9 and 99.5 per cent purity shot up by Rs 235 each to Rs 26,150 and Rs 26,000 per ten grams, respectively. The precious metal had lost Rs 335 in the previous two sessions.

Sovereign, however, remained steady at Rs 22,200 per piece of eight grams in limited deals.

Following gold, silver ready rose by Rs 300 to Rs 34,600 per kg and weekly-based delivery by Rs 450 to Rs 34,260 per kg.

On the other hand, silver coins held steady at Rs 48,000 for buying and Rs 49,000 for selling of 100 pieces.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp