Gold futures on global cues, silver fall
However, silver-selling went down by Rs 190 to Rs 41,000 per kg.
Gold.
New Delhi: Gold prices rose by Rs 100 to Rs 31,900 per ten gram in Delhi Sarafa Bazar due to strong trend in global markets and buying by local jewelers. However, silver-selling went down by Rs 190 to Rs 41,000 per kg.
Traders said the demand for gold in the form of weak dollar between the strong positions of the global markets and the safe haven of investment in the US and China has increased the demand for gold. He said that the demand for local jewelers in the spot market and weak rupee against the dollar also led to the rise in gold prices.
In the national capital, gold rose by 99.9% and 99.5% purity to Rs. 31,900 and Rs. 31,750 per ten grams, with an increase of 100-100, respectively. Guinea prices of eight grams remained at Rs 24,800 On the other hand, silver lost Rs 190 to Rs 41,000 per kg.
Weekly delivery price of Rs 130 had dropped to Rs 40,005 per kilogram. Silver coins continued to be asked by Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.