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Gold price sour up to one month high Rs 30,950

Silver Ready Went Past The Rs 44,000-mark By Jumping Rs 900 To Rs 44,100 Per Kg On Speculative Buying

PTI | Updated on: 02 Nov 2016, 06:35:18 PM
Representative Image (Getty)

New Delhi:

On a one- month high, Gold price have soared to Rs 30,950 per 10 grams, up by around Rs 250. The rise came after a solid trend overseas and increased domestic buying amid wedding season demand.

Silver ready went past the Rs 44,000-mark by jumping Rs 900 to Rs 44,100 per kg on speculative buying, while silver weekly-based delivery rallied by Rs 1,015 to Rs 43,725 per kg.

Traders said buying sentiment became strong after gold rose for the fifth day to the highest level in almost a month overseas as the dollar weakened ahead of US Federal Reserve's interest-rate decision.

Globally, gold rose 0.35 per cent to USD 1,292.30 an ounce in Singapore market.

Besides, persistent buying by jewellers following pick-up in demand for ornaments, at the domestic spot market, driven by ongoing wedding season propped up the upside, they said.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity climbed Rs 250 each to Rs 30,950 and Rs 30,800 per 10 grams - a level last seen on October 3, when it had stood at Rs 31,200. It had gained Rs 50 yesterday.

Silver ready soared Rs 900 to Rs 44,100 per kg on higher demand from coin makers and other consuming industries, while silver weekly-based delivery spurted by Rs 1,015 to Rs 43,72 per kg on speculative activity.

Silver coins, in line with silver, also traded higher by Rs 1,000 at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.  

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First Published : 02 Nov 2016, 06:30:00 PM

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