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Gold price rises to 30 month high

Silver weekly-based delivery crossed Rs 47,000 mark by jumping Rs 1,016 to Rs 47,425 per kg on speculative buying

Policy Pulse
Publish Date: Sep 7 2016 5:54PM | Updated Date: Sep 7 2016 5:54PM

Gold price rises to 30 month high

 Gold price raised to Rs 31,550 per 10 grams- a 30-month high- by Rs 450, tracking a solid trend abroad in the middle of increased buying by jewellers to meet rising demand at the domestic spot market.

 
Silver weekly-based delivery crossed Rs 47,000 mark by jumping Rs 1,016 to Rs 47,425 per kg on speculative buying whereas silver ready rallied by Rs 750 to Rs 46,950 per kg.
 
Worldwide, gold rose 0.2 per ent to $1,352.16 an ounce in Singapore after surging 1.7 percent on Tuesday.
 
In the national capital, gold of 99.9 percent and 99.5 percent purity climbed Rs 450 each to Rs 31,550 and Rs 31,400 per 10 grams, respectively. It had gained Rs 150 in the preceding four days.
 
Sovereign also increased by Rs 100 to Rs 24,400 per piece of eight grams.
 
Tracking rally in gold, silver weekly—based delivery rose to Rs 1,016 to Rs 47,425 per kg on speculative buying.
 
Silver ready also gained by Rs 750 to Rs 46,950 per kg on the back of demand from coin makers and other consuming industries.
 
Silver coins, also traded higher by Rs 1,000 at Rs 77,000 for buying and Rs 78,000 for selling of 100 pieces.