Gold prices went up marginally in Delhi today, still below Rs 32,000 per 10 grams.
Gold prices inched up by Rs 5 to Rs 31,880 per 10 grams at the bullion market, news agency Press Trust of India reported.
With that, gold prices broke their two-day slide.
Buying by local jewellers along with firmness in prices in the international market supported the domestic prices, according to traders.
In the global market, gold prices edged up from a 2018 low, as the dollar fell off its five-month high.
However, risk appetite in the broader financial markets kept the precious metal's gains in check.1.
Domestic gold prices: Gold prices of 99.9 per cent and 99.5 per cent purity rose by Rs 5 each to Rs 31,880 and Rs 31,730 per 10 grams in Delhi respectively, Press Trust of India reported.
Gold prices had declined by Rs 115 per 10 grams in the past two sessions.
(Investing in Gold jewellery, Gold ETFs or Gold Bonds Know How They Are Taxed)2.
Domestic silver prices: Silver ready prices reclaimed the Rs 41,000 per kg mark.
Silver prices surged by Rs 340 to Rs 41,100 per kg.
The weekly-based delivery climbed by Rs 360 to Rs 40,305 per kg.3.
Global gold prices: Spot gold had edged up 0.2 per cent to $1,294.81 per ounce by 3:41 pm, news agency Reuters reported.
In the previous session, it slid to $1,281.76, its lowest since December 27.
US gold futures for June delivery rose 0.3 per cent to $1,294.30 per ounce, according to the agency.
(SBI's Revamped Gold Deposit Scheme: Interest Rates, Eligibility And Other Details)4.
The dollar lost momentum following a broad rally prompted by rising US bond yields and the prospect of a resolution to US-China trade tensions.
A weaker dollar makes dollar-priced gold cheaper for non-US investors.5.
The rupee recovered from its 16-month low to close higher at 68.04 per US dollar.
The rupee traded in a tight range of 68.08 to 67.93 against the American currency earlier in the session.(With Agency Inputs)