ZCZC
BCN-17
INDIA-GOLD-PRICE
Gold regains sheen on positive global cues, jewellers’ buying
New Delhi, Jul 29, 2018 (BSS/PTI) – Gold prices recovered by Rs 40 to Rs
30,780 per 10 grams at the bullion market Saturday, taking positive leads
from global market amid fresh buying by local jewellers.
Silver also recovered by Rs 25 to Rs 39,225 per kg on increased offtake by
industrial units and coin makers.
Marketmen said firm global cues where gold inched up as the US dollar slid
lower after strong US economic growth data while concerns remain about trade
tensions between the US and Europe, attributed the recovery in gold prices.
Globally, gold rose by 0.07 per cent to USD 1,223.20 an ounce and silver by
0.75 per cent to USD 15.47 an ounce in New York in yesterday’s trade.
In addition, pick-up in buying by local jewellers at domestic spot market
also supported the upmove, they said.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity
bounced back by Rs 40 each to Rs 30,780 and Rs 30,630 per 10 grams,
respectively. It had lost Rs 190 in yesterday’s trade.
Sovereign, however, remained unaltered at Rs 24,700 per piece of eight grams
in scattered deals.
Tracking gold, silver ready also recovered by Rs 25 to Rs 39,225 per kg and
weekly-based delivery by Rs 130 to Rs 38,325 per kg.
On the other hand, silver coins continued to be traded at previous level of
Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
BSS/PTI/HR/1310