Gold prices gained another Rs. 50 to Rs. 30,650 per 10 grams at the bullion market on the back of sustained buying by local jewellers amid firm global cues, reported .
However, silver eased by Rs. 50 to Rs. 38,100 per kg due to reduced offtake by industrial units and coin makers. Bullion traders said persistent buying by local jewellers to meet the ongoing festive season demand at the domestic spot market and firm trend overseas kept gold higher.
Things to know about gold, silver prices today:
1. Globally, gold prices eased on Wednesday after touching a one-week high earlier in the day, as the dollar recovered some ground lost to US President Donald Trump’s criticism of the Federal Reserve’s interest rate hikes, reported . Spot gold fell 0.2 per cent to $1,192.93 an ounce in the early-day trade, after earlier hitting $1,197.66, its highest level since August 14. US gold futures were largely unchanged at $1,200 an ounce.
2. In Delhi, gold of 99.9 per cent and 99.5 per cent purity advanced by Rs. 50 each to Rs. 30,650 and Rs. 30,500 per 10 grams, respectively. The precious metal had gained Rs. 350 in the last two days.
3. Sovereign gold also edged up by Rs. 100 to Rs. 24,500 per piece of eight grams.
4. On the other hand, silver ready declined by Rs. 50 to Rs. 38,100 per kg, while weekly-based delivery held steady at Rs. 36,950 per kg.
5. Silver coins, however, remained unaltered at Rs. 72,000 for buying and Rs. 73,000 for selling of 100 pieces.>