Gold Silver Reports (GSR) – In Delhi, gold prices of 99.9% and 99.5% purity bounced ₹ 200 each to ₹ 31,550 and ₹ 31,400 per 10 gram, respectively. The metal had lost Rs 160 in the last two days. Sovereign however ruled flat at Rs 24,500 per piece of eight gram.
Gold prices surged Rs 200 to Rs 31,550 per 10 gram on Monday due to rising demand from local jewellers amid depreciating rupee, which makes gold imports costlier.