BusinessFashionGlamourLifeStyle

Gold Prices Surged to Six Years High of Rs 32,650 per 10 Gram

Amid the festive season demand, gold prices surged to a near six-year high of Rs. 32,650 per 10 gram.

Being festive season demand, gold prices surged to a near six-year high of Rs. 32,650 per 10 gram, reported .

Silver prices were, however, weak. Investor sentiment was positive ahead of Diwali, report quoted traders as saying. Local gold prices also took cues from their global counterparts.

Globally, gold traded at $1,217.84 an ounce in New York. On October 25, gold prices traded at over six-year high of Rs. 32,625 per 10 gram.

Things to know about gold, silver prices today:

1) Gold prices rose by Rs. 30 to touch a near six-year high of Rs. 32,650 per 10 gram amid increased festive demand. This is the highest level since November 29, 2012 when the precious metal had closed at Rs. 32,940 per ten gram.

2) In the Delhi bullion market, gold of 99.99 and 99.5 per cent purity surged by Rs. 30 each to Rs. 32,650 and Rs. 32,500 per 10 gram, respectively.

3) Sovereign gold, however, remained unchanged at Rs. 24,900 per piece of eight gram.

4) This was the second straight session of gains for gold prices. On Tuesday, gold prices rose by Rs. 70 to Rs. 32,620 per 10 gram.

5) Silver, however, continued to remain weak and fell by Rs. 40 to Rs. 39,200 per kg due to tepid demand by industrial units. Silver ready prices fell by Rs. 40 to Rs. 39,200 per kg, while silver weekly-based delivery rose marginally by Rs. 5 to Rs. 38,350 per kg. Silver coins rates also increased to Rs. 76,000 for buying and Rs. 77,000 for selling of 100 pieces.

Summary
Review Date
Reviewed Item
Gold Prices Surged to Six Years High of Rs 32,650 per 10 Gram
Author Rating
51star1star1star1star1star
Tags
advt