INSUBCONTINENT EXCLUSIVE:
Gold and silver rate: Sovereign, however, remained flat at Rs 25,200 per piece of eight grams.Gold prices rose by Rs 150 to trade at Rs
32,650 per 10 grams at bullion market on Monday, helped by increased buying by local jewellers and a firm global trend, reported news agency
Press Trust of India (PTI)
Silver also rallied by Rs 410 to end at Rs 40,010 per kg on rise in offtake by industrial units and coin makers
Gold got a boost following a pick-up in buying by local jewellers as well as retailers and a firming trend overseas, as a weak dollar raised
Globally, gold rose on Monday, helped by a weaker dollar on expectations that US Federal Reserve might apply brakes on its monetary
tightening cycle in 2019, although an improved risk appetite limited gains for safe haven metal, reported news agency Reuters.Spot gold was
up 0.3 per cent at $1,288.65 per ounce in intraday trade
US gold futures gained 0.4 per cent to $1,290.70 per ounce.2
In Delhi, gold of 99.9 per cent and 99.5 per cent purities rallied by Rs 150 each to Rs 32,650 and Rs 32,500 per 10 gram, respectively
Silver ready prices went up by Rs 410 to Rs 40,010 per kg and weekly-based delivery by Rs 136 to Rs 39,309 per kg.5
