Gold Prices Rise By Rs. 250 On Firm Global Trend

Gold prices registered a gain of Rs. 250 at Rs. 29,950 per 10 grams on Saturday, capitalising on a firm trend overseas amid fresh buying by local jewellers. However, silver was little changed at Rs. 40,200 per kg in limited deals.

Apart from a firm global trend, traders said, greater buying momentum by jewellers at the domestic spot market was primarily responsible for the price jump. Globally, gold rose 0.39 per cent to $1,290.80 an ounce and silver by 0.59 per cent to Rs. 17.05 in New York on Friday.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity rebounded by Rs. 250 each to Rs. 29,950 and Rs. 29,800 per 10 grams, respectively. It had lost Rs. 150 on Friday.

Sovereign, however, remained flat at Rs. 24,500 per piece of eight grams.

Silver ready was steady at Rs. 40,200 per kg while weekly-based delivery shed Rs. 40 to Rs. 39,010. Silver coins remained unchanged at Rs. 73,000 for buying and Rs. 74,000 for selling of 100 pieces.