Gold moves up on positive global cues, jewellers’ buying

Source: The Hitavada      Date: 22 Dec 2016 09:48:20


NEW DELHI,

Dec 21,

(PTI),

SNAPPING a two-day losing streak, gold regained some sheen by rising Rs 100 to 27,950 per 10 grams at the bullion market here Wednesday on a firm global trend and increased buying by jewellers in the domestic spot market.
Silver, too, rebounded, gaining Rs 650 to Rs 39,650 per kg on increased offtake by the industrial units and coin makers.


In the National Capital, gold of 99.9 per cent and 99.5 per cent purity recovered Rs 100 each to Rs 27,950 and Rs 27,800 per 10 gram, respectively.


The metal had lost Rs 80 in the previous two sessions. Sovereign, however, remained steady in domestic market at Rs 24,000 per piece of eight grams.


Silver ready gained Rs 650 to Rs 39,650 per kg and weekly-based delivery by Rs 630 to Rs 39,675 per kg.