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Business News/ Market / Stock-market-news/  Gold, silver rebound on good buying, global cues
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Gold, silver rebound on good buying, global cues

Gold of 99.9 and 99.5% purity surged by Rs200 each to Rs25,300 and Rs25,150 per ten grams respectively

In the international market, gold rose 0.6% to $1,095.10 an ounce and silver advanced 0.3% to $14.74 an ounce in New York in Friday’s trade. Photo: Priyanka Parashar/MintPremium
In the international market, gold rose 0.6% to $1,095.10 an ounce and silver advanced 0.3% to $14.74 an ounce in New York in Friday’s trade. Photo: Priyanka Parashar/Mint

New Delhi: Gold regained sheen and rose Rs200 to Rs25,300 per ten grams in Delhi bullion market on Saturday, tracking a firm global trend and increased buying by jewellers.

Traders said sentiment bolstered as the precious metals rose in global markets after a report showed wages and salaries in the US rose in the second quarter at the slowest pace on record, weakening the case for the Federal Reserve to raise interest rates.

In the international market, gold rose 0.6% to $1,095.10 an ounce and silver advanced 0.3% to $14.74 an ounce in New York in Friday’s trade. Besides, increased buying from jewellers at prevailing levels amid seasonal demand supported the upside, they said.

In the national capital, gold of 99.9 and 99.5% purity surged by Rs200 each to Rs25,300 and Rs25,150 per ten grams respectively. It had gained Rs10 on Friday. Sovereign, however, continued to be asked at previous level of Rs22,200 per piece of eight gram in limited deals.

In a similar fashion, silver ready rebounded by Rs300 to Rs34,300 per kg and weekly-based delivery gained Rs225 to Rs34,040 per kg. On the other hand, silver coins remained steady at Rs48,000 for buying and Rs49,000 for selling of 100 pieces.

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Published: 01 Aug 2015, 04:19 PM IST
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