Gold Prices Up Rs 250, Silver Zoom Rs 800 – Gold Silver Reports

Silver gained Rs 800 to close at Rs 38,500 per kg on higher demand from industrial units and coin makers.

A firm trend overseas, where gold spurted on safe-haven buying, boosted the yellow metal’s prices in India as well, traders said.

Gold prices climbed by Rs 250 on Saturday to close at Rs 32,350 per 10 grams due to uptick in demand amid positive global cues.

In the national capital, gold of 99.9 per cent and 99.5 per cent purities rose by Rs 250 each to close at Rs 32,350 and Rs 32,200 per 10 grams, respectively.

Besides, sovereign gold moved up by Rs 100 to Rs 25,000 per piece of 8 grams.

Globally, gold surged to $1,247.46 an ounce in New York and silver also went up to $14.62 an ounce amid a strengthening dollar.

Silver ready rose by Rs 800 to Rs 38,500 per kg, while weekly-based delivery gained Rs 1094 to Rs 38,300 per kg.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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