INSUBCONTINENT EXCLUSIVE:
Sovereign however remained unaltered at Rs 24,800 per piece of eight gram in limited deals.
New Delhi: Gold gained Rs 50 to close at Rs 31,650 per ten gram at the bullion market on
Monday on persistent buying by local jewellers despite a weak trend overseas, reported news agency Press Trust of India (PTI)
Silver, however, fell by Rs 100 to Rs 40,900 per kg on reduced offtake by industrial units and coin makers
Traders said continued buying by local jewellers to meet increased demand for jewellery at domestic spot markets mainly kept gold prices
Globally, gold fell 0.20 per cent to $1,266.30 an ounce and silver slipped 0.55 per cent to $16.33 an ounce in Singapore on a strong US
dollar amid prospects of higher interest rates
In the national capital, gold of 99.9 and 99.5 per cent purity advanced by Rs 50 each to Rs 31,650 and Rs 31,500 per ten gram, respectively
Sovereign however remained unaltered at Rs 24,800 per piece of eight gram in limited deals.4
Silver coins, however, continued to trade at last level of Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.(With PTI Inputs)
