The price of gold fell on Tuesday after four days of decline. It rises by Rs 170 to Rs 32,790 per 10 grams in Delhi. According to the All India Saraffa Association, the increase in purchasing of local jewelers has resulted in gold acceleration.
Silver also rebounded by Rs 250 to Rs 38,350 per kg on increased offtake by industrial units and coin makers. Traders said that demand for local jewelers has increased due to the rise in gold prices. However, a weak trend at the global level did not accelerate in the domestic market.
Gold in the spot market in New York was at USD 1,284.20 an ounce. Silver remained steady at USD 15.01 per ounce. In the last four trading sessions, the price of gold fell by Rs 450.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 170-170 to Rs 32,790 and Rs 32,620 per 10 grams. However, the price of Guinness remained steady at Rs 26,400 per unit. In a similar fashion, silver ready rose by Rs 250 to Rs 38,350 per kg, while weekly-based delivery moved by Rs 334 to Rs 37,322 per kg. On the other hand, silver coins remained steady at Rs 80,000 for buying and Rs 81,000 for selling of 100 units per 100 units.
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Silver also rebounded by Rs 250 to Rs 38,350 per kg on increased offtake by industrial units and coin makers. Traders said that demand for local jewelers has increased due to the rise in gold prices. However, a weak trend at the global level did not accelerate in the domestic market.
Gold in the spot market in New York was at USD 1,284.20 an ounce. Silver remained steady at USD 15.01 per ounce. In the last four trading sessions, the price of gold fell by Rs 450.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 170-170 to Rs 32,790 and Rs 32,620 per 10 grams. However, the price of Guinness remained steady at Rs 26,400 per unit. In a similar fashion, silver ready rose by Rs 250 to Rs 38,350 per kg, while weekly-based delivery moved by Rs 334 to Rs 37,322 per kg. On the other hand, silver coins remained steady at Rs 80,000 for buying and Rs 81,000 for selling of 100 units per 100 units.
For more information Best Advisory Companyin Indore
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