New Delhi: Gold prices recoiled by Rs.180 to stand at Rs. 30,700 per 10 grams in Delhi’s bullion market on Saturday due to brisk buying by local jewellers even as the metal weakened overseas. Traders have stated that increased buying of gold by local jewellers in view of the festive season demand at domestic spot market led to the recovery in gold prices but a weak trend overseas squeezed the gain. Globally, gold fell 0.07% to Rs. 1,211.20 an ounce and silver by 0.94% to Rs. 15.28 an ounce in New York on Saturday.
At Delhi’s bullion market, gold of 99.9% and 99.5% purity climbed by Rs. 180 each to touch Rs. 30,700 and Rs. 30,550 per 10 grams respectively. The yellow metal had lost Rs. 65 in the previous three sessions.
Keeping in sync with the trend, silver too recovered by ₹105 to touch ₹39,000 per kg. Silver coins too squirted by ₹1,000 to ₹74,000 for buying and ₹75,000 for selling of 100 pieces.
While the Indian rupee fell steeply by 15 paise to end at 68.83 against the US dollar, the SSE Sensex too lowered by 155.14 points, or 0.41%, to 37,869.23 while the Nifty fell by 41.20 points, or 0.36%, to close at 11,429.50. The Sensex rose 313.07 points and the Nifty advanced by 68.70 points this week.
Kalinga AI