Gold regains sheen; silver continues its fall 

Source: The Hitavada      Date: 03 Dec 2017 10:50:47

 


NEW DELHI,

 Dec 2,

 (PTI),

REVERSING a two-day slide, gold prices rose by Rs 250 to Rs 30,500 for 10 grams at the bullion market here on Saturday, largely driven by a firm trend overseas amid pick-up in buying by jewellers at the domestic spot market. Silver, however, continued its fall and lost another Rs 50 to Rs 39,150 per kg owing to reduced offtake by industrial units and coin makers.

In the National Capital, gold of 99.9 and 99.5 pc purity rebounded by Rs 250 each to Rs 30,500 and Rs 30,350 per 10 grams, respectively. It had lost Rs 270 in previous two days. Sovereign held steady at Rs 24,700 per piece of 8 grams. Silver ready remained bearish and fell by Rs 50 to Rs 39,150 per kg and weekly-based delivery slipped by Rs 130 to Rs 37,580 per kg.