Gold Prices Rise For Second Consecutive Day: 5 Points

Gold Prices Rise For Second Consecutive Day: 5 Points

New Delhi: On Thursday, gold prices edged up by Rs. 10 to Rs. 31,580 per 10 grams at the billion market on persistent buying by local jewellers amid a firm trend overseas, reported news agency Press Trust of India. Even the prices of Silver rushed by Rs. 690 to Rs. 40,600 per kg backed by increased offtake by industrial units and coin makers. Traders said continued buying by local jewellers at the domestic spot market and a better trend overseas mainly kept gold prices higher.

1. In recent trade, gold held steady at $1,255.59 an ounce. On thursday, Gold prices traded in a narrow range, after hitting a one-week high in the previous session, in between an easing dollar and as the markets awaited minutes from the US Federal Reserve's June policy meeting later in the day. 

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2. Gold with purity of 99.9 per cent and 99.5 per cent purity moved up by Rs. 10 each to Rs. 31,580 and Rs. 31,430 per 10 grams, respectively. On wednesday, the precious metal had gained Rs. 210.

3. However, Sovereign, remained unaltered at Rs. 24,800 per piece of eight grams in limited deals.

4. Silver jumped up by Rs. 690 to Rs. 40,600 per kg, while the weekly-based delivery shed Rs. 60 to Rs. 39,200 per kg.

5. Whereas, Silver coins remained steady at Rs. 75,000 for buying and Rs. 76,000 for selling of 100 pieces.


(Inputs from news agencies)

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