In the last two days, gold prices went up by  ₹250.
In the last two days, gold prices went up by 250.

Wedding season pushes gold prices to 33,300

  • Silver too followed the trend and surged to 40,500 per kg driven by significant increase in demand
  • Globally, gold traded higher at USD 1,292.03 an ounce and silver stood at USD 15.60 an ounce in New York

NEW DELHI: Extending its upward trend for third straight day, gold prices Wednesday gained 65 to 33,190 per 10 gram at the bullion market here due to increased demand from jewellers, according to the All India Sarafa Association.

Silver too followed the trend and surged by 300 to 40,500 per kg driven by significant increase in demand from industrial units and coin makers.

Traders said, gold prices witnessed an uptick, as investors bet on this asset class as a safe haven, owing to depreciation in the rupee vis-a-vis the US dollar.

Besides, a firm trend overseas supported the gain in the prices of yellow metal, they added.

In the last two days, gold prices went up by 250.

Globally, gold traded higher at USD 1,292.03 an ounce and silver stood at USD 15.60 an ounce in New York.

In the national capital, gold of 99.9 per cent and 99.5 per cent purities advanced by 65 each to 33,190 and 33,040 per 10 gram, respectively.

However, sovereign gold held steady at 25,400 per piece of eight grams.

Silver ready gained 300 to 40,200 per kg, while weekly-based delivery declined by 88 to 39,833 per kg.

Silver coins, however, held flat at 77,000 for buying and 78,000 for selling of 100 pieces.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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