Gold price up by ₹155 on jewellers’ demand

Mumbai-India (Dec 11)  Gold prices on Tuesday rose by ₹155 to close at ₹32,650 per 10 gram at the bullion market here due to increase in demand from local jewellers.

Similarly, silver prices surged by ₹425 to ₹38,575 per kg on strong demand from industrial units and coin makers.

Traders said gold saw on uptrend on rising demand from local jewellers. Besides, a weakening rupee against the U.S. dollar and positive global cues aided the gain in the prices.

In the national capital, gold of 99.9% and 99.5% purities surged ₹155 each to close at ₹32,650 and ₹32,500 per 10 gram, respectively.

On Monday, the yellow metal rose by ₹145 to close at ₹32,495 per 10 gram.

Sovereign gold however held steady at ₹25,000 per piece of 8 gram.

Globally, gold stood at USD 1,246.17 an ounce in New York and silver held steady at USD 14.59 an ounce.

Silver ready rose by ₹425 to ₹38,575 per kg, while weekly-based delivery gained ₹269 to ₹38,159 per kg.

Silver coins however held steady at ₹74,000 for buying and ₹75,000 for selling of 100 pieces.

TheHindu