Gold prices remain up on festive buying

NEW DELHI: Gold costs rose by way of Rs 220 to Rs 32,270 per 10 grams as upward development continued unabated for the fourth instantly week, subsidized by way of chronic purchasing by way of local jewellers to satisfy festive season demand coupled with certain international cues.

Silver after transferring each ways on exchange bouts of buying and promoting, managed to end higher by way of Rs 200 to Rs 39,600 per kg.

Traders attributed the sustained rise in gold costs to larger purchasing by way of local jewellers, driven by way of ongoing festive season and a toning development in international markets.

Besides, weak point within the rupee, making imports costlier, also fuelled the upside in gold costs.

Globally, gold ended the week higher at $1,227.50 an ounce and silver at $14.70 an ounce in New York against the former week's of $1,218.80 and $14.68, respectively.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity commenced the week higher at Rs 32,250 and Rs 32,020 per ten gram, respectively, but slipped to a low of Rs 32,180 and Rs 32,020 for want of enhance.


Later, the precious steel bounced back on day by day purchasing and closed at Rs 32,270 and Rs 32,120 per ten grams, respectively, appearing a notable rise of Rs 220 every.


Sovereign after transferring between positive aspects and losses on exchange bouts of buying or promoting after all settled Rs 100 higher at Rs 24,700 per piece of 8 gram.


Silver in a position after transferring between Rs 39,750 and Rs 39,480 per kg, after all ended the week higher by way of Rs 200 to Rs 39,600 per kg but silver weekly-based supply fell by way of Rs 120 to Rs 38,795 per kg.


Silver cash had been well maintained at Rs 75,000 for getting and Rs 76,000 for promoting.
Gold prices remain up on festive buying Gold prices remain up on festive buying Reviewed by kailash soni on October 20, 2018 Rating: 5
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