INSUBCONTINENT EXCLUSIVE:
Sovereign gold also saw a rise Wednesday by Rs 100 to Rs 24,800 per piece of 8 grams.Gold prices on Wednesday rose by Rs 100 to close at Rs
31,950 per 10 grams at the bullion market in the national capital on an uptick in retail buying by local jewellers even though bleak market
trend overseas restricted the gains further, reported news agency Press Trust of India
Silver, on the other hand, dropped by Rs 140 to close at Rs 37,600 per kg due to slightly lower demand from industrial units and coin makers
Demand from local jewellers in the ongoing wedding season lifted the gold prices though the gains were capped by subdued trend overseas,
while the silver prices saw a fall on slightly reduced orders from industrial units and coin makers, reported the agency citing
Globally, gold prices dipped retreating from a more than five-week top hit in the previous session, as the dollar crawled higher, reported
Spot gold was down 0.2 per cent at $1,235.31 per ounce in intraday trade, after hitting its highest since October 26 at $1,241.86 an ounce
US gold futures were down 0.5 per cent at $1,240.7 per ounce.2
In the national capital, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 100 each to Rs 31,950 and Rs 31,800 per 10 gram,
Meanwhile, silver ready fell by Rs 140 to Rs 37,600 per kg, while weekly-based delivery was almost flat rising only Rs 26 to Rs 36,394 per
