Gold, Silver Jump on jewellers Buying

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Gold, Silver Jump on jewellers Buying

Gold Silver Reports — Gold and silver firmed up in Delhi bullion market on Tuesday on scattered buying by jewellers at the domestic spot market, even as the precious metals weakened overseas. While gold gained Rs.100 to Rs.29,750 per ten grams, silver rallied by Rs.300 to Rs.41,500 per kg.

Gold, Silver Jump on jewellers Buying

According to traders, some buying by jewellers mainly led to the recovery in the prices. However, a weak trend overseas where gold fell for the third time in four days ahead of the UK referendum on whether to stay in the European Union due on Thursday, restricted the gains.

Globally, gold slip 0.5% to $1,282.95 an ounce in Singapore.

In the national capital, gold of 99.9 and 99.5% purity rebounded by Rs.100 each to Rs.29,750 and Rs.29,600 per ten grams respectively. It had lost Rs.150 yesterday. Sovereign, however, held steady at Rs.23,100 per piece of eight grams in limited deals.

Silver ready too traded higher by Rs.300 to Rs.41,500 per kg and weekly-based delivery by Rs.285 to Rs.41,660 per kg. On the other hand, silver coins continued to be traded at last level of Rs.70,000 for buying and Rs.71,000 for selling of 100 pieces. — Neal Bhai Reports