Gold surpasses Rs30,000 level again, silver above Rs43,000
Gold of 99.9% and 99.5% purity bounced back by Rs375 each to Rs30,100 and Rs29,950 per 10 grams, respectively
New Delhi: Gold prices got past the Rs30,000-mark again by climbing Rs375 to Rs30,100 per 10 grams on Saturday, reflecting strong global uptrend and increased buying by local jewellers.
Traders said that apart from a better trend in global markets due to weakness in the dollar, increased buying by local jewellers at the domestic spot market triggered by the wedding season bolstered sentiment.
Globally, gold rose 0.02% to USD1,234.30 an ounce and silver 1.27% to $17.95 an ounce in New York on Friday.
In the national capital, gold of 99.9% and 99.5% purity bounced back by Rs375 each to Rs30,100 and Rs29,950 per 10 grams, respectively. The precious metal had lost Rs275 yesterday. Sovereign, however, remained unchanged at Rs24,500 per piece of 8 grams in limited deals.
Following gold, silver ready rebounded by Rs400 to Rs43,100 per kg and weekly-based delivery edged up by Rs5 to Rs42,165 per kg. Silver coins spurted by Rs1,000 to Rs74,000 for buying and Rs75,000 for selling of 100 pieces.