Live Markets »News & Advice»Market News»Market News Details
Market News Details
Back

Gold recovers on jewellers' purchases to hit Rs 31,420, silver remains weak

Press Trust of India/New Delhi 15 Sep 18 | 02:35 PM

Representative Image

Gold prices recovered by Rs 20 to reach Rs 31,420 per 10 grams at the bullion market Saturday, halting its two-day losing streak on scattered buying by local jewellers even as the metal weakened overseas.

Related Stories

    No Related Stories Found
Widgets Magazine

However, silver remained under selling pressure and lost another Rs 150 to trade at Rs 37,500 per kg.

Traders said mild buying by local jewellers at domestic spot market helped the recovery in gold prices but a weak trend overseas capped the gains.

Globally, gold fell 0.65 per cent to $1,193.10 an ounce and silver shed 0.78 per cent to $14.03 an ounce in New York in Friday's trade.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity rebounded by Rs 20 each to Rs 31,420 and Rs 31,270 per 10 grams, respectively. It had lost Rs 225 in the last two days.

ALSO READ: Investors remain bearish on gold ETFs, pull out Rs 450 mn in August

Sovereign, however, remained unaltered at Rs 24,500 per piece of eight grams.

On the other hand, silver ready fell further by Rs 150 to Rs 37,500 per kg and weekly-based delivery declined by Rs 215 to Rs 36,995 per kg.

Silver coins, however, continued to be asked at previous level of Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.

Widgets Magazine

Sensex

Company Price Gain (%)
O N G C180.302.07
ITC303.501.28
Asian Paints1,302.201.00
TCS2,096.000.92
M & M956.000.92

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine