INSUBCONTINENT EXCLUSIVE:
Gold prices on Monday gained by Rs 30 to Rs 33,000 per 10 grams on the back of demand from jewellers, reported news agency Press Trust of
India (PTI) quoting the All India Sarafa Association
Silver also surged Rs 250 to Rs 38,700 per kg on increased offtake by industrial units and coin makers
Despite weak global trend, gold prices saw an upward movement due to a rise in domestic demand, said the report citing traders
Globally, gold prices eased on Monday, having touched a more-than one week high in the previous session, as stronger equity markets lifted
risk-sentiment, thereby eroding safe-haven demand of the metal, reported news agency Reuters.2
Spot gold fell by 0.3 per cent to $1,281.87 per ounce in intraday trade, having hit its highest since April 16 at $1,288.59 in the previous
US gold futures shed 0.4 percent to $1,283.80 an ounce.3
However, sovereign gold held steady at Rs 26,400 per eight grams.5
Silver ready rose by Rs 250 to Rs 38,700 per kg, while weekly-based delivery fell by Rs 268 to Rs 37,250 per kg
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