STOCK MARKET BSE NSE

Gold recovers on renewed buying; silver surges

Snapping its two-day falling streak, gold prices recovered by Rs 110 per ten grams at the bullion market here today, tracking a firm trend overseas amid renewed buying by jewellers demand.

Published: 20th September 2017 06:15 PM  |   Last Updated: 20th September 2017 06:15 PM   |  A+A-

Gold bars | REUTERS

Image used for representational purpose. | File Photo | Reuters

By PTI

MUMBAI: Snapping its two-day falling streak, gold prices recovered by Rs 110 per ten grams at the bullion market here today, tracking a firm trend overseas amid renewed buying by jewellers demand.

Silver also rose by Rs 410 per kg on good speculative offtake and industrial offtake.

Standard gold (99.5 purity) moved up by Rs 110 to close at Rs 29,800 per 10 grams from Tuesday's closing level of Rs 29,690.

Pure gold (99.9 purity) also rose by a similar margin to end at Rs 29,950 per 10 grams as against Rs 29,840 previously.

Silver (.999 fineness) climbed by Rs 410 per kg to close at Rs 39,865 as compared to Rs 39,455 earlier.

Globally, Gold prices rose, aided by a weaker dollar ahead of a US Federal Reserve policy announcement that could signal whether it will raise interest rates for a third time this year.

Spot gold was up 0.3 per cent at USD 1,315.27 an ounce at early trade.

In other precious metals, silver was up 0.3 per cent at USD 17.38 an ounce. 



Comments

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 newindianexpress.com 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 newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com 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. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp