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Business News/ Home-page / Gold prices rise over Rs185, top Rs29,000 mark
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Gold prices rise over Rs185, top Rs29,000 mark

In Delhi, gold prices of 99.9% and 99.5% purity bounced by Rs185 each to Rs29,100 and Rs28,950 per 10 grams, respectively

Gold prices firmed up after Tuesday’s decline, mainly because of fresh buying by local jewellers at the domestic spot market, coupled with a better trend globally. Photo: AFPPremium
Gold prices firmed up after Tuesday’s decline, mainly because of fresh buying by local jewellers at the domestic spot market, coupled with a better trend globally. Photo: AFP

New Delhi: Gold prices wrested control of the Rs29,000 level by rising Rs185 to Rs29,100 per 10 grams on Wednesday, taking strength from the scattered buying by local jewellers amid a firm trend overseas. However, silver met with resistance at existing levels and took hit of Rs215 at Rs39,600 per kg.

Gold prices firmed up after Tuesday’s decline, mainly because of fresh buying by local jewellers at the domestic spot market, coupled with a better trend globally.

Overseas, gold prices edged up 0.07% to $1,251.60 an ounce while silver slipped 0.26% to $17 an ounce in Singapore.

In the national capital, gold of 99.9% and 99.5% purity bounced by Rs185 each to Rs29,100 and Rs28,950 per 10 grams, respectively.

The precious metal had lost Rs235 on Tuesday.

Sovereign, however, remained unaltered at Rs24,400 per piece of eight grams. On the other hand, silver ready declined by Rs215 to Rs39,600 per kg and weekly-based delivery slumped below the Rs40,000 mark by falling Rs490 to Rs39,510 per kg.

Meanwhile, silver coins continued to go at the previous level of Rs71,000 for buying and Rs72,000 for selling of 100 pieces.

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Published: 24 May 2017, 03:04 PM IST
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